Rule #1 Finance Blog

With Investor Phil Town

InvestED Ep.145- Phil’s Favorite Gurus: Guy Spier & Prem Watsa

We are continuing to take a closer look at some of the best Rule #1 Investors out in the market today and where their money is currently. Join us as we talk about the new book, Invested, and how to model your investing methodology off some of the best in the world.

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In Episode 145 You’ll Learn:

  1. Why did Danielle want to write Invested?
    1. Nobody has really talked about the emotional journey or roadblocks of investing, which plays a huge role.
    2. The book starts from the “I don’t know what to do (financially) anymore, but something must change” perspective that Danielle was in with student loans and a high cost of living.
    3. Even though money isn’t everything financial freedom allows you to create a foundational baseline for you to focus on what truly makes you happy.
  2. Guy Spier: His portfolio is about 30-40 stocks large, but he still has more than 50% (about two-thirds) within his top 5, which qualifies him as a Rule #1 Style Investor.
    • American Express – 21% (AXP)
    • Berkshire Hathaway Inc. Class B – 17% (BRK.B)
    • Bank of America – 13% (BAC)
    • General Motors Warrant – 8.6% (GM)
    • Mastercard – 8% (MA)
  3. What is a warrant?
    • It gives the holder the right but not the obligation to buy an underlying security at a certain price, quantity and future time. A warrant is issued by a company, whereas an option is an instrument of the stock exchange.
  4. Prem Watsa
    • Blackberry 38% (BB)
    • Resolute Forest Products 21% (RFP)
    • Kennedy-Wilson Holdings Inc. 18% (KW)
    • Intrepid Potash 5% (IPI)
    • USG Corporation 4% (USG)

“Starting out with money doesn’t do you any good, you need the knowledge first to become an investor and then once you do have money, you’ll know what to do with it.” – Phil Town Click to Tweet!

Show Notes:

Apply for YOUR free scholarship to Phil’s 3-Day Live Investing Workshop!

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.
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