Rule #1 Finance Blog
“The advice, buy and hold, is very good advice, as long as hold means 40 to 60 years.” – Phil Town
This week, Phil and Danielle talk about parents buying stocks for children. She has a couple of choices. The first choice is to do what Buffett says to do and buy the US stock index, SPY. Or you can buy individual companies. What would you do for your child? Read more.
In this episode, Phil and Danielle continue their talk about their experiences at the Berkshire Annual Meeting. Phil talks about the “3F’s” of starting a fund. Friends, Family, and Fools. Read more.
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. Read more.
“When I made my mistakes in investing. It’s because I thought I knew something when I didn’t. It was hubris. I just didn’t realize it. I didn’t realize this company was more complex than I thought.” – Phil Town
This 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. Read more.
“Knowing what your strengths and weaknesses are, and honing in on what you’re good at really gives you an advantage.” – Gillian Zoe Segal
This week, Danielle talks to Gillian Zoe Segal about her interview with Warren Buffett for her book, Getting There. Read more.
“The practice of investing implies joy in the process of learning something that’s difficult.” – Phil Town
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. Read more.
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. Read more.
Why did Charlie Munger personally call Jacob Taylor? Read more.
“Now this isn’t necessarily the end of the stock market run. But given the fact that we’ve had a 10-year stock market run, which is a world record. We’re way overdue for a major downturn.” – Phil Town
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. Read more.
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.