Real estate has been the beneficiary of this as well, and it's just gone completely nuts. People ar new york times, people are paring up to buy houses now, not couples, like singles. Beo bee u by har so have done that, ten Ars. Yes, you can't afford it on your own. You don't want to just keep pouring money down the drain.
Rule #1 has been the basis of excellent investing for the last 80 years by successful investors like Warren Buffett, and it will be the basis of excellent investing 80 years from now.
First, understand that Rule # 1 literally is “Don’t Lose Money,” but what it means in practical terms is to invest with certainty.
Certainty comes from this: buying a wonderful business at an attractive price. The word “wonderful” actually encompasses three out of four elements in the Four Ms. This is a part of the must-have checklist before purchasing any stock.
In this podcast, Phil and Danielle discuss why sticking to this checklist is critical for never losing money in investing.
Learn more about the Four Ms with this guide: https://bit.ly/305Cr1p
Topics discussed in this podcast:
- How to pick stocks
- The Four Ms of investing
- Company valuations
- Understanding companies
- Recessions
- Market fluctuations
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