Pete teel made his money on pay pal, which was something that you could say was competing against all the credit card companies. But what they were creating was a way to pay for stuff on line really easily and transfer money between people. That didn't exist. They invented that. And soi i think his, his perspective as a founder, as a starred up guy, as a v c, is that that's where the early money is. Now, whether or not that company can grow and last for 50 years is a whole different set of criteria and parimeters. So it's two really, i see them as two really different circles, but with overlapping values.
After walking through the first few steps of the Investing Checklist -- Munger’s 4 Principles, Ackman’s 8 Point Checklist, basic valuation, and research -- what comes next?
A good place to start is by choosing a company or industry that’s relatively easy for you to understand and practice digging deeper in research using the checklist...even if you don’t end up investing in that company.
Join Phil and Danielle as they continue their conversation about the Investing Checklist Logistics to dig even deeper and help you better understand the companies you’re interested in and the best process you should follow to see success when it comes time for you to invest.
To see the must-have investing checklist Phil and Danielle use, download your own copy for FREE here: https://bit.ly/3Inmmpv
Topics discussed in this podcast:
- Investing Checklist
- The Role of Competition
- Investing Research
- Investing Resources
Additional resources discussed in this podcast:
For show notes and more information visit www.investedpodcast.com.
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