Following up on last week’s discussion about the “weather” of a business, or how the climate of various internal and external factors can influence the long-term success of your prospective investment. With so much data available at our fingertip, how can we know what information is useful for research and what can safely be left out of our analyses?Whether you’re looking into a company’s direct competitors or doing a bird’s eye view of a whole market sector, knowing when to go deeper vs when to stop digging is an incredibly useful skill to have in the world of 21st century global finance. For the value investor, the ability to reliably ascertain the value of a business is crucial for finding the right moment for a good deal.Listen in this week as Phil and Danielle ponder the age old question of “what is enough?” When it comes to your investments, where is the magic line between being adequately informed and wasting your time?For a better understanding of a business’s future success, click here to get your free copy of The 5 Moats Investment Guide: https://bit.ly/3Kmb33JTopics Discussed: Being paralyzed by the research process Netflix growth issues Evaluating a business’s moat Instinct in the investing process Change vs stability Resources Discussed:Invested Learn more about your ad choices. Visit megaphone.fm/adchoices

For our first full episode of the new year, Phil and Danielle are reunited to talk about the various factors of a business’s climate that can help better understand where their weather will take them in the future.From government overregulation to corporate mismanagement, there are risks inherent to investing that we can identify and include in our analysis for a more complete picture of the economic landscape. Staying current with the news doesn’t just make for a good citizen, but a good investor as well.Join our hosts as they discuss Argentina, Medicare, CEO compensation, and why all of those should matter to the value investor of the 21st century.If you want to start the new year on the right foot, get your free copy of Map Out Your Investing Journey to mark your progress and plan for the future:  https://bit.ly/3DTy4qNTopics Discussed: Inherent risks of investing S&P 500 and other market indices SEC rules Argentina/USA in the 20th century and today Governmental influence in economics GM borrowing to pay dividends Clinton’s executive pay reform When to stop researching (more next week) Resources Discussed:Invested Learn more about your ad choices. Visit megaphone.fm/adchoices

As we get all of our 2024 ducks in a row, Danielle checks in to share some positive vibes for the upcoming year and offer a quick toast to prosperity and successful investing in 2024. While it's a short break from our regular programming, it's a moment to celebrate the journey we've taken together and the exciting opportunities that lie ahead.To start your new year by planning for the ones to come, click here to get a free copy of our “Rule of 72” Cheat Sheet and gain a better understanding of retirement planning: https://bit.ly/47awVb6 Learn more about your ad choices. Visit megaphone.fm/adchoices

Happy 2024 to all InvestED listeners! While our hosts enjoy the holidays, we’re opening a year by going back to January of 2022 for a discussion about interest rates. With word of rate cuts on the horizon, how different are things now from when inflation was still climbing rapidly?Understanding the Federal Reserve's interest rate maneuvers and their correlation with inflation is vitally important for assessing investment opportunities. The intricate dance between interest rates and the economy can impact borrowing, spending, and investment behaviors, so it’s crucial to keep up with the Fed’s moves in order to plan ahead.To stay prepared for any changes in inflation or to the market as a whole, claim your FREE copy of the Rule #1 12-Month Planner: https://bit.ly/31ImPCl Topics Discussed: Inflation The future of the economy & markets Supply & labor bottlenecks Wage increase Substitution Resources Discussed: Federal Reserve Economic Data (FRED) FRED M1 Chart Shadowstats Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Phil and Danielle reflect on the impact and contributions of Charlie Munger, a magnanimous figure in the financial world. The hosts discuss Munger's aphorisms, the concept of EBITDA, and the Modern Portfolio Theory. They also share resources like Li Lu's eulogy for Munger and the autobiography of Yogi. Bid farewell with mention of a virtual workshop.

We dig deep into the vault this week, going all the way back to 2018 to revisit one of our Charlie Munger-centric episodes. Phil and Danielle delve into the lesser-known strategies of the late great “Abominable No-Man,” revealing the hidden gems that can transform an ordinary investment portfolio into a stellar one.Join us as we explore the wisdom of investment gurus, uncover the power of "cannibal companies," and unearth the untapped potential of valuable spin-offs. As we look back on the life and lessons of one of the investing world’s heavyweights, we learn how these insights can elevate your returns to an entirely new level of success.For more ways to bolster your portfolio, click here for your free copy of the Rule #1 Must Have Investing Checklist: https://bit.ly/49bSWZ7Topics Discussed: Net-net investing Cannibal companies Apprenticeship Resources Discussed: Security Analysis You Can Be a Stock Market Genius Avatar DanielleTown.com Learn more about your ad choices. Visit megaphone.fm/adchoices

The podcast is taking a break this week, but Danielle checks in briefly to share her thoughts on the loss of one of the investing world’s titans as Berkshire Hathaway’s Charlie Munger passed away this week at the age of 99.Rule #1 owes a debt of gratitude to Charlie and the wisdom he’s contributed to the investing community over the past several decades. The legacy he leaves behind—from his outsized impact on the business world to the Mungerisms he was so fond of sharing—will be irreplaceable to those who looked to his guidance in their practice of value investing.For a peek into some of the sharpest minds that the field of investing has to offer, click here for Rule #1’s free guide to The Best Investors in the World: https://bit.ly/3DhbmISTopics Discussed:Charlie Munger Learn more about your ad choices. Visit megaphone.fm/adchoices

Venturing into investing often feels nerve-wracking due to uncertainties in financial markets and the fear of potential losses. Value investing, when done properly, stands out as a reliable approach due to careful assessment of the true worth and long-term growth potential of investments.By conducting thorough research and understanding the genuine value of investments, value investing offers a sense of security that traditional trading cannot. It's a method rooted in solid evaluation, making it a less intimidating option for those uneasy about the inherent unpredictability of investing and seeking a more stable approach.This week, Phil and Danielle follow up the Thanksgiving holiday with a discussion on the importance of having a grateful attitude, and how being cognizant of the advantages and resources available to many who venture into this practice can have a positive effect on your mental (and financial) well-being.If you’re feeling hesitant to take the plunge into the world of value investing, don’t miss your free copy of The Four Ms for Successful Investing: https://bit.ly/3LhVUARTopics Discussed: Fears about investing Retirement planning Swiss vs American social programs Societal factors impacting social mobility Ben Graham Value investing’s track record Importance of being grateful The power of the internet in investing Internet deserts Resources Discussed: A Random Walk Down Wall Street Starlink Learn more about your ad choices. Visit megaphone.fm/adchoices

This week’s brief check-in comes as Americans in the US and around the world prepare for one of the country’s greatest traditions, Thanksgiving Day. Families everywhere are braving busy airports, clogged interstates, and crowded kitchens as they come together to give thanks, eat large amounts of food, and digest in front of the annual gridiron classics.We here at InvestED want to wish all of our listeners a safe and happy Thanksgiving break, and Phil and Danielle will be back next week to discuss food comas and all sorts of topics related to the exciting world of value investing.To catch up on all of the must-listen episodes from our back catalog and get better connected to the world of Rule #1 Investing, click here for the Best of InvestED: https://bit.ly/3MUOiFnTopics Discussed: Thanksgiving traditions for expats Food traditions Solo holiday tips Learn more about your ad choices. Visit megaphone.fm/adchoices

What exactly constitutes a “mistake” when it comes to your investing practice? Is it any time a company doesn’t pan out the way you thought it would, or is it simply when something causes you to break Rule #1 and lose money?While fear of being “wrong” on a position can be paralyzing for some, being willing and able to adapt to constantly shifting market conditions is a must for anyone looking to wade into the world of investing.This week, Phil and Danielle talk about what it means to “get it wrong” in your investment practice and how that should (or shouldn’t) influence your decision-making process.For more thought-provoking or debate-inspiring quotes from one of the world’s best investors, click here for the Warren Buffett Book of Quotes: https://bit.ly/3OEPXjLTopics Discussed: Durable competitive advantage Mistakes vs. normal market occurrences Investing mindset Fear of failure in investing Understanding and preparing for risk Resources Discussed:Rule #1 Investing Learn more about your ad choices. Visit megaphone.fm/adchoices