
InvestED: The Rule #1 Investing Podcast
Phil Town is a hedge fund manager and author of 3 New York Times best-selling investment books, Invested, Rule #1, and Payback Time. On the InvestED podcast, Phil and his daughter Danielle shine a light on the successful investing strategies that gurus like Warren Buffett have used for 80 years. Listen in for a great stock market education on basics, learn how to invest on your own, and follow along with real-time examples and investing tips from week to week. Subscribe and leave a review. Questions? Email questions@investedpodcast.com.
Latest episodes

Jul 12, 2022 • 44min
377- Netflix Price
In their final show on the investing question mark that is Netflix, Phil and Danielle use the entertainment and streaming company as a case study to help you understand how to handle investing in a company if you can’t figure out if it has an intrinsic value.While most of the companies you invest in seem to be clear-cut, there could be some outliers. So how do you handle them? What are the red flags? How do you identify the moat?Tune in to this episode of InvestED to learn how to invest in riskier businesses and identify their moats, and why it’s important to buy wonderful businesses at fair prices instead of fair businesses at wonderful prices. 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/3zCiorb Resources Discussed:
Netflix Part 1
Netflix Part 2
Netflix Part 3
Ben Graham’s Formula
InvestED Book
Rule #1 Book
Topics Discussed:
Valuation
Big moat businesses
Margin of safety
Debt
Basic investing rules
For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Jul 6, 2022 • 33min
376- Netflix (Part 3)
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. The Towns provide a refresh on investing basics, like what a Moat is, and how getting back to those basics can help you better understand the biggest investing questions you have, even around difficult companies to understand, like Netflix.Learn how to answer the hard questions about confusing companies like Netflix and figure out what they’re worth and what their future can look like in this episode in InvestED.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/3zCiorb Resources Discussed:
Netflix 10-K
Netflix Part 1
Netflix Part 2
Topics Discussed:
Depreciation and amortization of content
Moats and intrinsic value
Rule #1 investing basics
Netflix’s moat
For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Jun 29, 2022 • 32min
375- Netflix (Part 2)
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:Netflix 10-KTopics 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Jun 21, 2022 • 40min
374- Netflix
After a long-awaited couple of weeks, this week on InvestED, Phil and Danielle are digging into the big investing question mark: Netflix.On the surface, the technology and entertainment company seems to be doing well, however, there’s one big elephant in the room: it doesn’t have free cash flow.This is a huge red flag in the world of Rule #1 Investing, and something that typically leads Warren Buffett and Charlie Munger to avoid investing in a company. But that doesn’t necessarily mean Netflix isn’t a good investment opportunity.Join Phil and Danielle this week as they dig into how to understand a complicated company like Netflix and how to decide if it’s the right investment for your portfolio and long-term success. To learn more about what types of questions to ask and what you need to understand to invest with success, download Phil’s 4 M’s to Successful Investing Guide: https://bit.ly/3zzKVOd Resources Discussed:Netflix 10-KTopics Discussed:
Free Cash Flow
Debt
Earnings
Depreciation Schedule
For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Jun 14, 2022 • 26min
373- How to Start
How do you start? Where do you start? What do you look at first?If you’ve ever asked yourself these questions when beginning your investing journey, you’re going to want to tune in to this week’s episode of InvestED.Phil and Danielle break down the questions everyone should ask themselves and dig into the laws of investing to better help you decide if you’re on the right track to creating generational wealth.To learn more about what types of questions to ask and what you need to understand to invest with success, download Phil’s 4 M’s to Successful Investing Guide: https://bit.ly/3zzKVOd Topics Discussed:
Investing for Beginners
Laws of Investing
Company Hooks
Mutual Funds
For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Jun 7, 2022 • 26min
372- From the Vault: Warren Buffett's Inflation Principles
In today’s episode, Danielle discussed words of wisdom on inflation shared from the letters of Warren Buffett.In the letters, you’ll learn Buffet’s warnings to other investors that we do not know what will happen with the stock market or the underlying currency, and that long-term fixed interest bonds may not continue to serve as a financial instrument and may even become obsolete. Danielle also digs into Buffett’s points that there may not be a corporate solution to the problem of growing inflation, however, he does explain other solutions.To learn more about what type of companies to look for that can withstand inflation and this uncertain market, register for Phil’s NEW investing webinar: https://bit.ly/3GT2drc Topics Discussed:
Inflation
Interest Bonds
Resources:
Warren Buffett’s 1979 letter
Market Timing & Inflation
For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

May 31, 2022 • 16min
371 - An Intro to Netflix
Before Phil and Danielle dive into their episode on the interesting environment Netflix poses to investors – and thanks to travel and technical difficulties – this week, Danielle Town is sharing the rundown behind Netflix to share some insightful research on the company and help you better understand next week’s episode.Tune in this week to learn some background on the popular streaming platform and a reminder of the basics of what to look for in a company before investing to ensure you make the right investment for long-term financial success.To learn more about how to set yourself up for successful investments early on, download your FREE copy of Phil Town’s Ultimate Investing Guide: https://bit.ly/3lHi5mU Topics discussed in this podcast:
How to Start Investing
Netflix Investor Resources
Market Cap Definition
What Makes Netflix Different (Their Value-Add)
Resources discussed in this podcast:
Netflix Investor Relation Page
Netflix Annual Stockholder Meeting Webcast
For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

May 24, 2022 • 46min
370- From the Vault: Cheryl Einhorn on Decision-Making & Research
How do you make a decision about a company with a future that is uncertain, like Netflix? Before diving deep into all of your questions and responses about Netflix next week, this week, InvestED revisits Danielle’s interview with Cheryl Einhorn, the creator of the Area method.The Area method is a decision-making system to solve complex problems, like the question posed above. With years of experience, knowledge, and practice on deciding whether or not to invest in a company with an uncertain future, Cheryl Einhorn shares her insights with Danielle, and you, on this week’s podcast. To learn more about how to set yourself up for successful investments, download your FREE copy of Phil Town’s Ultimate Investing Guide: https://bit.ly/3lHi5mU Topics discussed in this podcast:
Investing uncertainty
Netflix
Inflation
Area Method
Resources discussed in this podcast:
Problem Solved by Cheryl Strauss Einhorn
Investing in Financial Research: A Decision Making System for Better Results by Cheryl Strauss Einhorn
areamethod.com
For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

May 17, 2022 • 28min
369- Market Timing and Inflation (Part 2)
Is it better to be sitting on cash during a period of inflation? How do you find a good company to invest in during an inflationary period? Should you bet against what the Federal Reserve might do? Learn answers to these questions and more in this week’s episode of InvestED. Phil and Danielle are covering their final conversation on the takeaways from this year’s Berkshire Hathaway Annual Shareholders meeting and helping you figure out how to make intelligent investing decisions. Tune in to learn how to stay disciplined and keep emotional investments in check during crazy times to build generational wealth in any environment!Learn more about how to successfully and safely invest your money, even in times of inflation, using Phil’s Four Ms for Successful Investing Guide. Download your copy here: https://bit.ly/3sdzw1V Topics discussed in this podcast:
Annual Berkshire Hathaway Shareholder meeting
Market timing
Inflation
Resources discussed in this podcast:
Shareholder Meeting Information
Trillion Dollar Triage
For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

May 10, 2022 • 32min
368- Market Timing and Inflation
Warren Buffett and Charlie Munger’s annual Berkshire Hathaway Shareholder meeting took place on April 30th and covered a wide range of topics, including inflation.While there was no massive new idea presented at the meeting, it served as a fantastic reminder of the great financial advice Buffett and Munger have been talking about for years.This week, Phil and Danielle continue their conversation from last week recapping their takeaways and learnings from the meeting, and explaining how you can use those takeaways in order to succeed with your investments.Learn more about how to successfully and safely invest your money, even in times of inflation, using Phil’s Four Ms for Successful Investing Guide. Download your copy here: https://bit.ly/3sdzw1V Topics discussed in this podcast:
Annual Berkshire Hathaway Shareholder meeting
Market timing
Bonds vs the S&P 500
Inflation
American Express
Resources discussed in this podcast:Shareholder Meeting InformationFor show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices