Renny brutal: I think what peter teel is saying is something that's a lot more and i have not watched the speech, so i don't know what he's actually saying. It sounds to me like something that's pretty common in the start up world, which is it's a lot easier to start something, gather investors, get excited and disrupt in industry that you're essentially creating. And as a venture capitalists, then just be determined, you're not going to invest in things that are not disruptive companies. What do they call them? Elephants? No, te the unicorns.
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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