Rule #1 Finance Blog

With Investor Phil Town

InvestED: Ep. 241- Quick Questions: Bankruptcy

“Investing is about getting to know yourself a lot better than you do.” – Phil Town

Have you taken full responsibility for your investments?

In this episode of InvestED, Phil and Danielle dig into this question by answering another “Quick Questions with Invested” left by a listener about investments and bankruptcy.

As a Rule #1 investor, it’s important to take full responsibility for your investments and follow the Four M’s for successful investing. The moat of the company you invest in should be so good and the business straightforward.

Bankruptcy doesn’t happen overnight – it’s a long time coming.

PG&E (Pacific Gas and Electric) is the company that Phil and Danielle discuss and its recent file for bankruptcy.


If you have a question you’d like to have Phil and Danielle answer in a future podcast, submit your question here.

If you want to learn more about the fundamentals of Rule #1 investment strategy, join us on the podcast today!

Show Notes:

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Now if you’re feeling extra loving, it would be awesome if you left us a review on iTunes, too. Those reviews help other people find this podcast and Danielle and Phil also love reading them so that we can improve your listening experience. Just click here to review, select “View in iTunes”, then “Ratings and Reviews”, and “Write a Review” and let me know what your favorite part of the podcast is. Now go play!

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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.