Low Rates High Returns Pete Wargent and Stephen Moriarty

In this episode, Pete and Steve chat about how Buffett has been able to succeed by saying no to a majority of investing themes and remaining through thick and thin to his investment style.

Many investors especially when first starting out, say yes to everything and often come to the conclusion that saying no more often than yes leads to investment success. Again Pete and Steve demonstrate that simple principles and the avoidance of complexity in investing is the best approach.

They discuss a range of criteria that along with Buffett, you should say no to. And also ask a more philosophical question about what success actually is.

Thanks for listening!

Download a free copy of our latest book, Total Money Management – How to escape the rat race and unlock your financial independence.
www.gonextlevelwealth.com.au/podcast

Pete Wargent
www.petewargent.com/
www.linkedin.com/in/pete-wargent-37228322/

Stephen Moriarty
twitter.com/SGM63

In this episode, Pete and Steve discuss each of Warren Buffett's criteria of what constitutes a "simple" business.

(1) Large purchases and large companies,
(2) Demonstrated consistent earning power,
(3) Businesses earning good returns on equity while employing little or no debt,
(4) Management in place (we can’t supply it),
(5) Simple businesses (if there’s lots of technology, we won’t understand it),
(6) An offering price.

We then summarise whether all of these have the same importance and which ones may be more important.

Thanks for listening!

Download a free copy of our latest book, Total Money Management – How to escape the rat race and unlock your financial independence.
www.gonextlevelwealth.com.au/podcast

Pete Wargent
www.petewargent.com/
www.linkedin.com/in/pete-wargent-37228322/

Stephen Moriarty
twitter.com/SGM63

In this episode, Pete and Steve discuss Buffett's quote "be fearful when others are greedy and greedy when others are fearful".

They discuss Buffett's musing about the value of the stock market overall;
his understanding and the way he takes advantage of other investors emotions and how he uses logic as a central part of his steadfast conviction that price follows value;
How CAPE can assist in considering when to enter and exit markets;
and finally Buffett's favourite macro valuation metric and what you need to do to be able to be fearful when others are greedy and greedy when they are fearful.

Thanks for listening!

Download a free copy of our latest book, Total Money Management – How to escape the rat race and unlock your financial independence.
www.gonextlevelwealth.com.au/podcast

Pete Wargent
www.petewargent.com/
www.linkedin.com/in/pete-wargent-37228322/

Stephen Moriarty
twitter.com/SGM63

"Price is what you pay, and value is what you get". So says the master Warren Buffett.

In this episode Pete and Steve discuss what exactly Buffett thinks about price and value and what do they really mean for investors. We also discuss value in both the micro and macro sense and also a discussion on how Buffett thinks about value. And of course, we chat about our old favourite the CAPE ratio and how it ties to the idea of value.

Thanks for listening!

Download a free copy of our latest book, Total Money Management – How to escape the rat race and unlock your financial independence.
www.gonextlevelwealth.com.au/podcast

Pete Wargent
www.petewargent.com/
www.linkedin.com/in/pete-wargent-37228322/

Stephen Moriarty
twitter.com/SGM63

In this podcast series on Warren Buffett, Pete and Steve dissect some of Buffett's best known quotes to determine what Buffett means and how you can use Buffett's philosophy to improve your investment prowess.

In this opening episode, Pete and Steve discuss the meaning behind Buffett's best known quote "Rule No.1 - Don't Lose Money and Rule No. 2 is Don't Forget Rule No. 1".

Pete and Steve also get the chance to throw in a few more Buffettisms and what the quote has to do with risk and your stock or property portfolio. They also discuss how Buffett thinks about risk, patience and of course CAPE and why the earnings yield is so important for investment success.

And end this episode with some advice when thinking about investing.

Thanks for listening!

Download a free copy of our latest book, Total Money Management – How to escape the rat race and unlock your financial independence.
www.gonextlevelwealth.com.au/podcast

Pete Wargent
www.petewargent.com/
www.linkedin.com/in/pete-wargent-37228322/

Stephen Moriarty
twitter.com/SGM63

Join Pete and Steve as they wrap up the Economics and the Market series with this episode where they discuss:

- What are our beliefs about the connections between economics and markets?

- Which way does the correlation go – do markets drive economics or the other way around. Because asset prices are such an important part of our wealth, they play a much greater role than they did for previous generations.

- What is the Low Rates High returns philosophy regarding markets and economics?

- And finally is there a holistic philosophy/model that we can apply when investing?

Thanks for listening!

Download a free copy of our latest book, Total Money Management – How to escape the rat race and unlock your financial independence.
www.gonextlevelwealth.com.au/podcast

Pete Wargent
www.petewargent.com/
www.linkedin.com/in/pete-wargent-37228322/

Stephen Moriarty
twitter.com/SGM63