For any publicly traded company, the bottom line is going to be the driving factor in every major decision that gets made at the corporate level.  With US tax rates fluctuating between administrations and shake-ups in the Eurozone, it can be like a game of cat and mouse between governments seeking to collect taxes and the companies doing everything they can to avoid those taxes.As stakeholders in a business, investors don’t just own a stock—we own a portion of the actions that are taken by that company.  With the rise of the internet and easier access to up-to-date information around the world, the social component of investing has become a major factor for many in the market.In this continuation of last week’s topic, Phil and Danielle discuss the headquarter dilemma that some corporations are wrestling with and weigh the costs and benefits of activism in the corporate sphere.If you’d like to gauge your own investing knowledge and learn how to improve your investing practice, click here to take the Rule #1 Investing IQ Quiz:  https://bit.ly/3XL7URRTopics Discussed: Corporate tax rates Companies moving out of the US Apple’s Ireland woes Business ethics in investing DEI initiatives/reversals Bud Light controversy ESG Learn more about your ad choices. Visit megaphone.fm/adchoices

Cryptocurrency, as a volatile and emerging technology, is used by millions around the world. Some of those users are trying to find security amidst unstable financial situations, while others seeking to avoid government oversight or conduct more nefarious activities. Its decentralized nature offers both opportunities and risks.The ultra-wealthy, facing heavy taxation, often protect their assets through investments, relocating funds, or even engaging in deception. Meanwhile, multinational corporations hold immense power, frequently manipulating markets and governments, creating widespread challenges for economies and individuals.Staying abreast of developments in this nascent field is beneficial to investors, as the volatility in crypto markets can distort valuations and complicate the search for long-term investments. In this week’s episode, Phil and Danielle delve into the crypto scene and discuss how the tech sector seems to always be a step ahead of regulators.For further resources in identifying a company’s long-term trajectory, click here for your free copy of The 5 Moats Investment Guide: https://bit.ly/3Kmb33JTopics Discussed: Daily dives into trade publications Tether Goldcoin Apple’s Ireland tax troubles Coach/Michael Kors merger Resources Discussed: WSJ NYT Barron’s All-In Podcast Learn more about your ad choices. Visit megaphone.fm/adchoices

Debt plays a significant role in determining the value of a company. But how can you accurately assess the worth of a business you're interested in when it's burdened with debt?In last week’s Vault episode, Phil and Danielle explored this issue through the lens of Liberty Media Corporation’s acquisition of Formula One Racing. Building on that discussion, they take a deeper dive into using the 10 cap formula to uncover a company’s true value—debt included—and help investors make smarter decisions.They also touch on the inherent unpredictability of investing, using Tesla’s past and future as a prime example of the uncertainty you should always anticipate.For some Rule #1 tips on dealing with debt in your own financial life, don’t miss your free copy of our Get Out of Debt Checklist: https://bit.ly/3TjolSKTopics Discussed: Value Investing Factoring debt into investment opportunities The 3 Fs of shorting Unpredictability in investing Resources Discussed: InvestED by Danielle and Phil Town Investing Lessons from Formula 1 Learn more about your ad choices. Visit megaphone.fm/adchoices

When you invest in a business, do you really know who’s pulling the strings? Are you aware of the leadership team and how their choices could significantly influence the outcome of your investment?Take Formula 1, for example. Owned by Liberty Media Corporation, it stands out as a rare opportunity for sports fans to invest in the sporting world. But is it a wise addition to your portfolio?Phil and Danielle explore the increasing popularity of Formula One and discuss the factors that could make stocks like this a good fit for your investment strategy.They break down the first step of their investment approach, using Formula One's background as a case study to demonstrate why it’s essential to fully understand the business behind any stock before making a purchase.If you want a greater degree of certainty with your next investment, download The Four Ms for Successful Investing for help finding the right business at the right price: https://bit.ly/3LhVUARTopics Discussed: Warren Buffett’s investing strategies Value investing Real-life investing Investing in Trusted Management Formula 1 Stock Resources Discussed: The Innovation Stack Bill Ackman’s 8 Principles Phil’s Go-To Investing Checklist Learn more about your ad choices. Visit megaphone.fm/adchoices

In an era of fast fashion and planned obsolescence, companies that stand behind their products in the long run seem to few and far between. A company’s warranty policy can be enlightening as both a consumer and an investor, and can also inform us about the customer base in that industry.With some businesses updating their former “lifetime” warranties to cover shorter periods of time, how can we know whether those changes are due to declining quality or potential abuse from customers trying to take advantage?Join Danielle as she takes a look at a new policy from one of her favorite companies, as well as some other examples from well-known companies, and what that means for the value investor.If you’re in the early stages of your investing journey, click here for a free copy of The Complete Guide to Investing for Beginners: https://bit.ly/3MBzewfTopics Discussed: lululemon warranty policy change Aldi Dr. Martens Patagonia return/repair policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Investing in a great business can sometimes feel like a personal relationship, and much in the same way as breakups can be incredibly difficult, making the decision to exit a position can cause the same doubt and heartbreak as splitting with a romantic partner.Likewise, the same issues that can arise in interpersonal relationships–keeping secrets, communication breakdowns, divergent goals–can lead to deterioration of trust and change the dynamics of what would otherwise be a long-term investment. It is critical for successful value investors to have the ability to reevaluate positions when new information comes to light, regardless of their prior feelings about a given company.This episode of InvestED finds Phil and Danielle offering a candid analysis of recent developments in Phil’s own investments, and what lessons can be learned when you’re buying into a business with the objective of holding it through the ups and downs that come over the years.Whether you’re seeking a new company to buy or deciding whether an existing investment is staying true to your initial assessment, get your free copy of the Must Have Investing Checklist to avoid unnecessary risk in your portfolio: https://bit.ly/49bSWZ7Topics Discussed: Paris Olympics Athletic sponsorships Bank OZK concerns Difficulty in reevaluating positions VIX Learn more about your ad choices. Visit megaphone.fm/adchoices

At the end of the 1970s and the early 1980s, a decade of financial instability and high inflation rates led Warren Buffett to ponder the correct path forward for Berkshire Hathaway in his letters to shareholders. His solutions in those years could hold some valuable information for investors as we find ourselves once again in turbulent times.While the financial, societal, and cultural contexts have drastically changed over the course of three and a half decades, the underlying business principles and inherent behavioral characteristics can offer insights into how wise investors can find success during times of uncertainty in the modern world.This Vault episode offers us a glimpse into both the recent and not-so-recent past as Danielle considers how a post-pandemic world can benefit from Buffett’s wisdom following one of the most volatile decades of the 20th century. For help with protecting your investments in unstable markets, get your free copy of the Rule #1 Inflation-Ready Checklist: https://bit.ly/3yyrDdSTopics Discussed: Berkshire Hathaway shareholder letters Inflation in the 70s/80s Indexing investments to inflation Investing into companies with little debt Prioritizing gains in purchasing power over earnings Post-housing bubble concerns related to 30 years prior Anti-fragility Resources Discussed: DanielleTown.com Buffett’s 1979 letter Buffett’s 1980 letter Buffett’s 1981 letter Buffett’s 1983 letter Buffett’s 2010 letter Learn more about your ad choices. Visit megaphone.fm/adchoices

Investing in companies that interest you can be more engaging and rewarding on a personal level, but it may not always align with long-term financial success. A core aspect of value investing lies in identifying companies that are undervalued but have strong potential for future growth, even if their business is less fascinating.Additionally, aligning investments with personal values and the way you see the world ensures that your portfolio reflects your beliefs and principles. With a limited lifetime portfolio, it’s crucial to balance passion-driven investments with those that have a solid track record of stability and growth. It makes sense that many people are drawn to flashy consumer-facing businesses, but those aren’t necessarily the best move for every investor.In this continuation of the utility of expert networks, Phil and Danielle discuss how and why value investors might place restrictions on their research process in order to find the best companies to buy, even if it doesn’t fully match their personal passions.If you’re searching for the next business to add to your portfolio, click here for an assortment of Rule #1 investment calculators that can help you identify key metrics in your research process: https://bit.ly/3A57OeCTopics Discussed: Expert help “Buying companies” vs buying stocks Buffett’s punch card 10-K reports Resources Discussed:SBA SCORE network Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover the world of micro-cap companies and the role of expert networks in identifying investment opportunities. The hosts weigh the value of expert guidance against DIY research, emphasizing the importance of reliable resources. Learn about financial literacy essentials, including understanding key financial statements. Enjoy a humorous take on niche investing, like a company dedicated to making envelopes. They wrap up by discussing the balance between expert opinions and personal experience in navigating investment decisions.

Learn how confirmation bias can deceive investors and the importance of spotting red flags. Explore the world of scuttlebutt investing and the cautionary tale of Theranos. Find out how to safeguard your portfolio by becoming a reporter for your own newspaper.