Rule #1 Finance Blog

With Investor Phil Town

InvestED: Episode 143- Phil’s Favorite Gurus: Allan Mecham [Live from San Diego]

This week on InvestED, Danielle and I are coming to you live from San Diego, California to continue our discussion on investing gurus and to reveal one guru that Phil follows. Take a look into Allan Mecham’s portfolio with us.

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In Episode 143 You’ll Learn:

  1. How to figure out which investors are best to emulate.
    1. Here’s a hint: Take a look at their portfolio…. Do the top 5 stocks make up over 50%?
  2. Which tools to look at when you are trying to find gurus to follow:
    1. Very Broad: Gurufocus (Lists All Gurus)
    2. Broad: Dataroma (Top 100 Gurus)
    3. Focused: Rule #1 Investing Toolbox
  3. An overview of a hedge fund manager that Phil personally follows, Allan Mecham
    1. Allan’s top 5 stocks make up 67% of his portfolio:
        1. 22.5% in Berkshire Hathaway Inc. Class B (BRK.B)
        2. 12.5% in Interactive Brokers Group, Inc. (IBKR)
        3. 12.4% in AutoNation, Inc. (AN)
        4. 11.2% in Leucadia National Corp. (LUK)
        5. 9% in Monro Inc. (MNRO)
  4. When to go with your own analysis and when to seek advice from what your favorite gurus are doing.
  5. Coming Up Next Week: We’ll talk about another guru that Phil admires: Mohnish Pabrai.

Show Notes:

If you need to plan out your 2018 and get everything started off right, I created a 12 Month Financial Success Planner to get you started. It’s filled with monthly goals tracking, calendar planners, and monthly financial challenges to keep you on track. Click the button below to download it for free.

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On the InvestED podcast, Phil and his daughter Danielle shine a light on the successful investing strategies that gurus like Warren Buffett have used for 80 years. Listen in for a great stock market education on basics, learn how to invest on your own, and follow along with real-time examples and investing tips from week to week.