Rule #1 Finance Blog
This podcast focuses on Mohnish Pabrai’s book, “The Dhandho Investor.” Phil and Danielle discuss the Patel family and their innovative strategy in the motel and hotel business. They highlight the concept of value investing the way Pabrai highlights it and how to invest with minimal risk and very high upside. Read more.
The joys of investing. What do you love? What do you want to know more about? Ways to make investing fun. Read more.
How do you find a wonderful business at a fair price? What do you look for?
We’ve been talking about buying businesses on sale, or at a margin of safety and in this episode, Phil explains how to do it.
There is a little bit of math in this episode, but don’t worry, Phil and Danielle make it pretty easy to understand. Read more.
How do you determine if a company is on sale?
Is it possible for a regular person to invest like the best investors? There are thousands of baby boomers with no retirement. What is their course of action?
What is a margin of safety and how do you find it? Read more.
Phil and Danielle discuss a few different market theories and books written over the years to try to answer Danielle’s question of,
“We only can see the price of a stock today of the company that we want to buy. How do you know if THAT price is a good price or not?
The stock market definitely gets overpriced, however over the long term it usually is rational. Phil explains how and why you should be buying when there is fear in the stock market and selling when there is greed in the stock market. Read more.
The stock market can be very emotional. It often prices businesses incorrectly. Phil and Danielle discuss that the price of a stock does not always equal the stock value.
The stock market in the short term can be a very emotional place which is why investors such as, Warren Buffett invest based on finding a wonderful company for the long term. Read more.
Listen on iTunes HERE Phil and Danielle discuss finding a talented, honest CEO with integrity and why this is so important to Rule #1 investors. Phil explains the difference between a CEO that has the long-term mission of the company and keeps their employees, and stakeholders in mind, vs. a CEO that is a mercenary Read more.
In this podcast, Phil and Danielle dive more into what it means for a business to have a durable competitive advantage. They talk about Warren Buffett’s favorite number for finding if a business has a great moat, “Return on Equity.”