Rule #1 Finance Blog
“We have a rainstorm due. It didn’t come last year. It could come this year. It could come next year. But, it’s coming.”- Phil Town This week Phil and Danielle discuss prepping for the next recession. Seth Klarman published a paper to his investors that is a little scary. It basically takes a grim position Read more.
“When we value a company we want to look at a company that has a track record of 10 years. Especially, the last 10 years. IPOs are in the risky biz portfolio for lack of a long track record. ” – Phil Town
This week we discuss why we’re in such a wild stock market. The market dropped 15% and is working its way back up. We’ve got the “Trump Effect” going on and we’re in our 10th year of no recession. That’s the longest in American history. We’re also at a Shiller PE that hasn’t been this 140 years it’s only been where it is now 4 other times. Read more.
This week Danielle talks to Kelly Hultgren of HerMoney Media. Kelly is a journalist and podcaster based in New York City, covering personal finance and entrepreneurship. Since 2013, she’s been reporting and producing for Jean Chatzky, the longtime financial editor for the NBC TODAY show. Read more.
“What makes a stock market dangerous is the fear and emotion that it creates when it drops.” – Phil Town
How do you invest safely in a dangerous stock market? This week we dive into what makes the stock market so dangerous. In the long run, the stock market will rise again and your investments, especially if you own wonderful businesses, will come out ahead down the road somewhere. Unfortunately, what makes it dangerous is that somewhere down the road has been as long as 26 years. Read more.
“Warren Buffett is right. In the long run, America is a great bet. You wouldn’t want to bet against America. The old saying is, ‘When America gets a cold, the rest of the world gets pneumonia,’ and that’s probably true.” – Phil Town
In this week’s podcast, we talk about the essence of investing we also talk about Canadian Cannabis stocks and how easy it is to get burned by bad management.
This week we analyze what has happened in the year since Amazon and Whole Foods merged. We made a few predictions about what would happen, and today we want to discuss them. Read more.
Join us as we discuss the Amazon & Whole Foods deal. We will discuss the deal, different company’s moats, and the industry that you might want to avoid for a while.
In this week’s episode, we’ll discuss the importance of the circle of competence and that you should be careful about investing in anything that you don’t understand. We also talk about what you should avoid as an investor. Read more.