For show notes and more information, visit investedpodcast.com.This week, Danielle welcomes Cheryl Strauss Einhorn to Invested. Cheryl is the creator of the Area Method which is a decision-making system to solve complex problems. In investing, we're all trying to solve for the problem of which companies we should put our hard earned money into. Her book, Investing in Financial Research, a Decision-Making System for Better Results.She’s also the author of the award-winning book, Problem Solved. She teaches at Columbia Business School, she's won several journalism awards for her investigative stories about business and economics, and political topics. Learn more about your ad choices. Visit megaphone.fm/adchoices

For show notes and more information visit investedpodcast.comThis week Phil and Danielle record the podcast in person, in Omaha after attending the Berkshire Hathaway annual meeting. They talk about all of the fanboys that come to the meeting and what the atmosphere is like.They also talk about “Warren Buffett buying Amazon” and how the news headlines were very wrong and the difference between “New Buffett” investing and “Old Buffett” investing. Phil and Danielle also discuss why Buffett isn’t buying back stock and sitting on so much cash. Learn more about your ad choices. Visit megaphone.fm/adchoices

For show notes and more info visit investedpodcast.comThis week, Danielle talks to Gillian Zoe Segal about how she was able to interview Warren Buffett for her book, Getting There.Gillian is the author of two books. The first one is called New York Characters and the second one is called the Getting There. She is also an amazing photographer and she took all the photos in the book. Getting There is a compilation of essays written by a number of luminaries. And one of them is Warren Buffett.They also discuss when you can tell the difference between persevering through hard times and when it’s time to know when you should pivot and change directions. In Gillian’s book, Warren Buffett talks about how important it is to know your strengths and weaknesses. Knowing what to leave out is just as important as knowing what to focus on.Gillian interviewed some amazing people in her book and tells some fantastic stories. Learn more about your ad choices. Visit megaphone.fm/adchoices

“The practice of investing implies joy in the process of learning something that's difficult.” - Phil TownFor show notes and more information visit investedpodcast.com. This week Phil and Danielle talk about what Charlie Munger calls, “Mistakes of Omission.” You can get pretty good at investing pretty quickly because there are only a few rules that you need to follow.One of the hardest things about investing the agony of missing out on something because you’re not confident or clear, or you don’t have the patience to wait something out. If you’re investing correctly, you should have mistakes of omission, not mistakes of commission. When it comes to investing, you need to be brutally honest with yourself to understand your mistakes and move on.   Learn more about your ad choices. Visit megaphone.fm/adchoices

This week Phil and Danielle playback a couple of really good questions that were asked in their “Ask Us Anything” call. The first question is about teaching your kids about investing. Phil tried to teach Danielle when she was younger to get her involved with investing. Ben has tried to get his daughter to read Invested without any luck. Phil and Danielle provide a bit of advice on how to get kids interested in investing. The next questions involve how to get other family members interested in investing, and what exactly it means to “be in cash”. Finally, they discuss whether or not it’s necessary to love a company that you buy. For show notes and more information, visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

This week Phil and Danielle talk to Jacob Taylor, the author of The Rebel Allocator. Jake Taylor is the Chief Executive Officer of Farnam Street Investments. He’s also the host of the popular web series Five Good Questions. Jake has an MBA in Finance and Accounting from UC Davis. While in school, Jake had a chance lunch with Warren Buffett which solidified his path toward being a professional value investor. Jake enjoys reading, health, fitness, staying active outdoors and finding adventure. He lives in Folsom, CA with his wife and 2 boys.Jake wrote an investing book about capital allocation in an interesting way. The book is fiction. In the book, Jacob takes you through a story where the character learns, starting at the individual customer transaction level and built all the way up to M&A, share buybacks, and beyond. To keep from boring you, Jacob wrapped the lessons in a coming-of-age story of a college grad crossing paths with a wealthy Midwesterner. Imagine if The Karate Kid's Mr. Miyagi was modeled after a certain well-known Oracle. Charlie Munger actually called Jacob when he read the book. Join us for an extremely interesting episode with Jacob Taylor! For show notes and more info visit investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

For show notes and more info, visit investedpodcast.com. This week, Phil and Danielle talk about the fact that 30% of the stock market is not invested in individual stocks, but in indexes. Many investors fear the effects of so many people owning indexes rather than the underlying companies. They also discuss the inverted yield curve, what it is, and what it means for investors. Phil also discusses the fear that baby boomers have about a market crash, destroying 50% of their retirement.Finding Buffett Alert! The Finding Buffett Treasure Hunt ends 4/3 at 11:59PM! Tune in now to get all the details on how you can get 3 months to Danielle’s newsletter FREE along with a private Q&A Webinar with Phil and Danielle and VIP seating at Phil’s next workshop. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week Phil and Danielle discuss the importance of making your own investing choices. It’s easy for someone to follow Warren Buffett and to likely make money if you mirror his choices, but it’s what happens when he pulls his money out of the market and you don’t know what to do with your money… that’s when you run into trouble.  For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

For show notes and more information visit investedpodcast.com.  This week Phil and Danielle talk about why Charlie Munger is so bitter about missing out on a stock purchase in the 1970s. Phil talks about what he calls “Mistakes of Omission”. Phil also talks about why it’s extremely hard to find a company that’s on sale right now. He’s not alone in this. Warren Buffett shares in his annual letter that he’d love to buy a huge company, but that nothing is priced on sale right now. It’s also hard to find companies in the private market as well.We’re given the opportunity at the end of a bull market run. Right now it’s a blessing that the market hasn’t crashed because there are so many companies that you haven’t researched. This means you should be out there, researching all of the great companies that you can, and building your watchlist. Learn more about your ad choices. Visit megaphone.fm/adchoices

For show notes and more information visit investedpodcast.com.In this episode, Danielle and Phil discuss why short term viewpoints in the stock market are terrible. When analysts upgrade or downgrade a stock and the price drops, it’s terrible. When companies miss on earnings and the market responds with stock price dips, it’s terrible. Once you start having to hit a certain number every quarter rather than having to hit a certain number over the next five years, it becomes risky. What started as people wanting to get more information on company earnings has become a problem of short-term thinking. Charlie Munger thinks that short-term investing is insane. He’s said in the past that he almost never has a transaction.For show notes and more information visit investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices