Invested: The Rule #1 Investing Podcast

With the 2023 edition of the Berkshire Hathaway annual shareholders’ meeting in the books, it’s time to review the takeaways from the event. In an era of heightened uncertainty for markets around the world, what can we glean from the words of Buffett et al? The weekend saw over 30,000 investors descend upon Omaha to hear from the megacorp’s leadership and vie for the chance to pose a question to some of the world’s most successful business magnates. Covering topics ranging from AI and technology to geopolitics and the role of emotion in finance, the meeting’s Q&A session left attendees and listeners with a lot to digest. On this episode of InvestED, Phil and Danielle break down their takes on Berkshire’s big gathering and parse the wisdom from a couple of value investing heavy hitters. To learn more about Buffett, Munger, and others, click here for a free copy of the The Best Investors in the World: https://bit.ly/41kGW2g Topics Discussed: Berkshire Hathaway Annual Shareholder Meeting President Biden’s

It's time again for the "Woodstock of Capitalism," aka the annual Berkshire Hathaway shareholder meeting where Warren Buffett and Charlie Munger fill in their investors on the state of the company and its future prospects. The meeting always makes waves in the investing world – whether it's two of the industry's titans sharing valuable insights and taking questions from attendees, or upwards of 40,000 shareholders having access to an incredible variety of networking opportunities. On this week's episode, Danielle gives us a brief overview of what to expect in the upcoming meeting (as she and Phil watch the livestream). To see how well you know the Oracle of Omaha, take our Warren Buffett Quiz: https://bit.ly/3HzseNB Topics Discussed: Berkshire Hathaway Shareholder Meeting Learn more about your ad choices. Visit megaphone.fm/adchoices

With financial advising services trying their best to convince you that they can set you up with the life of your dreams, how can the cold, emotionless AI bots compete with their human counterparts? The latest iterations of chat AI tools range from fun gimmicks to incredibly useful tools, but it’s important to approach them with caution. Whether it’s limited knowledge, problems interpreting data, or even the occasional hallucination, these tools are far from perfect. On this week’s episode, Phil and Danielle continue their discussion about ChatGPT and what the future could hold for a society dependent on AI. For help avoiding mistakes and making smarter investing decisions, click here for you free copy of 10 Do’s and Don’ts of Successful Investing: https://bit.ly/40z6gkx Topics Discussed: Robo-Advisors Chatbots OpenAI X.AI BloombergGPT Resources Discussed: ChatGPT Bard Learn more about your ad choices. Visit megaphone.fm/adchoices

Hey ChatGPT, what’s your deal and and why should investors care? The relatively young world of AI hold a huge amount of both potential, and also countless unknowns. What’s the utility of a tool with such a huge amount of information both good and bad, and how much can we trust that tool to discern the difference? As financial corporations develop their own AI tools, the ability to take advantage of their power without succumbing to their weaknesses will be a difficult but crucial skill to master. This week, Phil and Danielle take a look at the state of AI and machine learning in 2023 and the potential impact it could have on the investing world. To find your own weaknesses as an investor, click here to take our Investing Personalities Quiz: https://bit.ly/40k6k7M Topics Discussed: Rule #1/Value Investing SmartLess AI Hallucination BloombergGPT Resources Discussed: ChatGPT Bard Learn more about your ad choices. Visit megaphone.fm/adchoices

Once in a blue moon, you might find yourself in a peculiar situation with regards to your investing journey. During the course of your research, you find a company with an eye-catching price tag and little to no fanfare. Then comes the important question: are you ahead of the curve, or is this deal too good to be true? To examine this potential investment, it’s important to be equipped with the proper tools to complete a proper analysis. From reviewing time frames and understanding operations to gauging wider interest, gaining a comprehensive understanding of a company’s valuation is key in making wise purchases. Join Phil and Danielle as they continue to follow a thread that was sparked by a discussion of helmets, but has since evolved into a lesson on why a seemingly great bargain might not be worth the risk. If the idea of learning from some of the world’s most successful financial mentors appeals to you, click here to get your free copy of The Best Investors in the World: https://bit.ly/4129j5R Topics

Finding a company that can compound their investments over a long period is the white whale of the value investor. While this search is often challenging, finding these companies can lead to substantial long-term gains. With the gamification of investing in recent years, the idea of holding an investment for a lifetime is being presented as less appealing than the app-driven, short-term profit mentality. Are you prepared to do the work up front so that you can feel confident in a less hands-on approach in the long run? By starting off with a careful analysis of these potential compounding investments, you can be less concerned with the day-to-day movements of the markets. If you’re searching for possible compounders to add to your portfolio, get your free copy of Phil’s Value Investing Cheat Sheet for help with those first steps: https://bit.ly/3KvCsjT Topics Discussed: Vista Outdoors Compounders Resources Discussed: 100 Baggers: Stocks That Return 100-to-1 and How To Find Them Learn more about your

What happens when banks have growth as their priority? With the current instability, what can the public vs private sector debate tell us about our financial institutions? When leadership is beholden more to shareholders than to their patrons, it can lead to wildly different outcomes regarding the security of their customers’ assets. This week, Phil and Danielle continue to analyze the recent bank failures and discuss some of their problems with the structure of current financial systems. For insight into how you can better research your next investment, get your copy of The Value Investing Cheat Sheet: https://bit.ly/3Z8PXdw Topics Discussed: Silicon Valley Bank Public vs Private banks Amadeo Giannini/Bank of America White-shoe Law Firm Resources Discussed: The Innovation Stack Learn more about your ad choices. Visit megaphone.fm/adchoices

The recent collapse of Silicon Valley Bank exposed some major cracks in the way that banks have been doing business, and the upheaval is sending shockwaves far beyond the tech sector. Unwise decisions from leadership compounded by market uncertainty and rising interest rates is certainly a recipe for disaster. How can we analyze these and other warning signs, like an over-reliance on a volatile tech sector, to anticipate and avoid future losses? Join Phil and Danielle for a postmortem of SVB and a discussion of how its failure could impact value investors. If you need help identifying warning signs of impending crashes, download your free copy of Your Ultimate Stock Market Crash Survival Guide: https://bit.ly/3YLope0 Topics Discussed: Rule #1 Investing Silicon Valley Bank It’s A Wonderful Life Learn more about your ad choices. Visit megaphone.fm/adchoices

For those of us whose minds tend to wander, the age of limitless new opportunities at our fingertips has been both a blessing and a curse. The ability to focus that attention is an equally vital tool that is essential to good investing practice. What are the best first steps to take when we stumble across a new company while browsing the web? If investors don’t want to be outside of their element or their ethical and moral boundaries, a few minutes on Google is time well spent. This week on InvestED, Phil and Danielle continue the previous episode’s topic and take a deeper dive into the process of researching a new company. For help setting up your own priority list, get your copy of How to Pick Stocks: The 5-Step Checklist: https://bit.ly/3kUBXWE Topics Discussed: Circle of competence Resources Discussed: Vista Outdoor For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

How often are you inspired to invest when you come across a great idea or innovation in your day-to-day life? Could that new helpful device lead you to the next great company for your portfolio? With the sheer quantity of information that’s available to investors in the digital age, being able to sort the signal from the noise is a must. This week on InvestED, Phil and Danielle discuss how viewing life through an investing lens can shape our experiences when we encounter something new. For help picking winning investments and avoiding risky stocks, get your free copy of our Must Have Investing Checklist: https://bit.ly/3IZucI9 Topics Discussed: Helmets (MIPS) Research potential of the internet Public > Private shift CEO letters Resources Discussed: Vista Outdoor Learn more about your ad choices. Visit megaphone.fm/adchoices

Before buying a company, Rule #1 Investors do a ton of research to ensure the company they are buying meets Charlie Munger’s 4 key principles: meaning, moat, management, and margin of safety. From blue chip companies to venture capital, the options are limitless in terms of what modern investors can do with their money. In this week’s episode, we discuss the difference between investing and speculating, and why the term “risky investing” is an oxymoron. Learn what to watch out for when trying avoid overly risky investments with your own copy of the Must Have Investing Checklist: https://bit.ly/3YRI90n Topics discussed: Charlie Munger's 4 Principles Learn more about your ad choices. Visit megaphone.fm/adchoices

William Albert Ackman is an American investor and hedge fund manager. He has a well-known 8-point investing checklist, which is straightforward and reflects the basic principles of Rule #1 Investing. That checklist includes only investing in simple and predictable businesses with a dominant market position, limited risk, a strong balance sheet, excellent management, high return on capital, free cash flow generative, and large barriers to entry. Sound familiar? There’s a lot of talk in the financial community about “diversification,” which simply means investing your money in a variety of ways in order to provide a safety net should one investment go south. The thing is, you don’t need to diversify if you know how to invest and understand what you are investing in. By taking the time to research and learn about the companies you are investing in, you are providing your own safety net, because you won’t invest in any company that doesn’t meet the standards for a wonderful company, as it is defined in Rule #

When we take risks in life, the prospect of success is always tempered by the possibility of failure. What happens to a society when some of the consequences of failure go away? Preparation and practice can help us face our fears and improve our investing process, and dealing with doubts is part and parcel of being an investor. This week on InvestED, Phil and Danielle discuss the hero’s journey and what it means to set and pursue goals. To better prepare yourself for investing success, download your copy of 10 Do’s and Don’ts of Successful Investing: https://bit.ly/3RDQtxU Topics Discussed: Steve Jobs Setting oneself up for success/failure The Hero’s Journey Commitment Resources Discussed: Joseph Campbell Free Solo Learn more about your ad choices. Visit megaphone.fm/adchoices

After a couple of decades of dominating the internet, cracks have begun to appear in the once-unquestionable superiority of Google.   With the advent of new technologies, can the tech giant adapt and compete with the products and companies currently defining the landscape of Silicon Valley? And what does a tech monopoly look like when the world of virtual connectivity begins to incorporate A.I. users in addition to human ones? This week on InvestED, Phil and Danielle talk about shakeups in the tech world and the difficulty of balancing planning for the future vs living in the present. For help planning for your future, don’t miss a free copy of the Rule #1 Early Retirement Calculator: https://bit.ly/3HqBLFQ Topics Discussed: Challenges to Google’s dominance  ChatGPT Planning ahead vs being present Resources Discussed: Be Here Now Learn more about your ad choices. Visit megaphone.fm/adchoices

“There’s nothing evil, per se, about selling things short. Short sellers—the situations in which there have been huge short interests very often—very often have been later revealed to be frauds or semi-frauds.” — Warren Buffett Short selling, or shorting, plays an important role in public markets as it improves prices, rational capital allocation, prevents bubbles, and shines a light on fraud. A recent example of this is the Gamestop event which caused many investors to either gain or lose money, as shorting isn’t ideal for all investors. This is why it’s important to invest with your values—so you can invest with confidence and reduce your risk of making bad investing decisions.  In today’s podcast, Phil and Danielle discuss the important role short sellers play in our market and why it’s important to invest with your values.  Learn about the Four Ms and how they can help you invest in the right businesses at the right time with this FREE guide: http://bit.ly/3btAqhM Topics Discussed: Confirmation bias Gam

Our ability to handle expectations, both from others and ourselves, plays a huge role in our success in life. If we don’t know our tendencies when faced with those expectations, how can we be prepared to succeed? Investors often deal with an enormous amount of pressure and uncertainty, and being able to identify the source of those stressors can help set us up to prosper in the market. In this episode, Phil and Danielle return to the Four Tendencies Framework and examine what it is that really makes us tick and how we can harness that knowledge in our investing practices. If you want to be better prepared to set realistic goals, don’t miss our handy checklist of The 10 Do’s and Don’ts of Successful Investing. Download your copy now: https://bit.ly/3H9Fzwd Topics Discussed: Audiobook reading The Four Tendencies Framework Resources Discussed Why We Sleep Better Than Before The Four Tendencies Mostly Invested Rule #1 Virtual Investing Workshop Learn more about your ad choices. Visit megaphone.fm/a

New year, same InvestED! Our hosts check in for the first show of 2023 and reflect on how disparate paths can bring people to the same world of investing. What does it look like to find success with the message you’re trying to share? There are millions of people with an idea, a passion, or a unique perspective, but managing to have it resonate with others in the attention economy is no small task.  This week on InvestED, Phil and Danielle discuss the importance of setting goals, and they return to the recent topic of four buckets, this time in terms of dealing with expectations both external and internal. Get your year started on the right foot with the Must-Have Investing Checklist. Download your copy now: https://bit.ly/3XjgNix Topics Discussed: Publishing/PR industries The importance of a platform The Four Tendencies Framework Resources Discussed: Invested Rule #1 Better Than Before The Four Tendencies Learn more about your ad choices. Visit megaphone.fm/adchoices

On this milestone episode of InvestED, Phil and Danielle celebrate 400* episodes and take a look at where the market might be headed in the new year. Having spent the past two weeks going over the All Weather Portfolio, are there certain profiles of investors who would be better suited to this strategy than others? How can you use the four buckets to hedge your bets against the ups and downs of the market? Join us as we close out 2022 and nearly 8 years of the InvestED Podcast, and see where the inflation roller coaster takes us in 2023. Find ways to secure your investments for the next big downturn with the 12 Month Financial Success Planner. Download your copy now: https://bit.ly/3Vd1973 Topics Discussed: Ray Dalio’s All Weather Portfolio Tony Robbins and Ray Dalio Resources Discussed: MONEY Master the Game Learn more about your ad choices. Visit megaphone.fm/adchoices

As the podcast approaches episode 400, Phil and Danielle reflect on the past several years of talking investing together before returning to the previous episode’s topic of the All Weather Portfolio. What does it look like to put together a portfolio that’s prepared for any economic environment? Inflation or deflation, boom or bust, there are opportunities in every situation. This week on InvestED, Phil and Danielle dive deeper into the four buckets theory and how societal and economic dynamics can help you develop a strategy for security. Find ways to secure your investments for the next big downturn with the Market Crash Survival Guide. Download your copy now: https://bit.ly/3hnrTUw Topics Discussed: Four Buckets/All Weather Portfolio Efficient Market Theory Learn more about your ad choices. Visit megaphone.fm/adchoices

For many, investing is much more than a hobby or a profession–it’s a way of looking at the world and parsing new information. There are countless approaches to take towards investing your wealth, but for a certain segment of the population, safeguarding financial progress is a higher priority than finding the next hot stock. This week, Phil and Danielle talk through Ray Dalio’s All Weather Portfolio and how you can utilize this strategy to weather any economic storm that may hit the market. If you’d like a metric for making smart investing choices, download your copy of Understanding Market Capitalization to get our guide for navigating price versus value: https://bit.ly/3P6m1eK Topics Discussed: The importance of reading EBITDA Efficient Market Theory Resources Discussed Unsettled by Steven Koonin The All Weather Portfolio by Ray Dalio Learn more about your ad choices. Visit megaphone.fm/adchoices