Warren buffet sells a lot of business as he finds out things about later on, and he gets out right. You're gong to buy businesses that, if some day you discover it has moral flaws that you just don't want to live with in your value system, you can sell it. But in the case of net flicks, we have this wonderful management that is just fabulous. They've founded the company, they've taken it through multiple dark nights of changes in the industry,. Remember net flick? I am going to say a little caviat on that, but, i meanin general, i agree, ok y, love read hastings.
Continuing their discussion on the biggest investment question mark that is Netflix, Phil and Danielle dig deeper into helping you figure out complex, and seemingly impossible to invest in companies.
While Netflix may be almost impossible to understand and wrap your head around investing in, there’s still value in looking at it through the lens of basic Rule #1 investment practices that will help you learn how to avoid confirmation bias and invest logically.
Tune in to this episode of InvestED to hear what we can learn about investing from complex companies like Netflix, and people that do choose to invest in them.
To learn more about what types of questions to ask and what you need to understand to invest with success, download Phil’s 4 Ms to Successful Investing Guide: https://bit.ly/3zzKVOd
Resources Discussed:
Topics Discussed:
- Confirmation bias
- Investing in companies that are “too hard”
- Rule #1 investing basics
- Understanding moats and management
For show notes and more information visit www.investedpodcast.com
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