469 episodes

Phil Town is a hedge fund manager and author of 3 New York Times best-selling investment books, Invested, Rule #1, and Payback Time. 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. Subscribe and leave a review. Questions? Email questions@investedpodcast.com.

InvestED: The Rule #1 Investing Podcast Phil Town & Danielle Town

    • Business
    • 4.7 • 85 Ratings

Phil Town is a hedge fund manager and author of 3 New York Times best-selling investment books, Invested, Rule #1, and Payback Time. 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. Subscribe and leave a review. Questions? Email questions@investedpodcast.com.

    Ten Billion

    Ten Billion

    The world’s best investing minds have made fortunes that most people can barely dream of in their lifetimes, but having a successful portfolio doesn’t require the highest IQ, an office full of analysts, or access to top secret information.

    Understanding your own strengths and being able to identify the fields that are of interest to you are crucial components of a fruitful investing practice, and maintaining a limited scope in your research and analysis can help you maintain focus and avoid wasting energy on superfluous data.

    This week, Phil and Danielle take a look (and listen) to the latest Berkshire Hathaway shareholder meeting and discuss some key takeaways from one of value investing’s most important financial summits.

    If you’d like to evaluate your investing knowledge, discover areas for improvement, and enhance your investment strategies, click here for the Rule #1 Investing IQ Quiz: https://bit.ly/3Faf7ks

    Topics Discussed:

    2024 Berkshire Hathaway Shareholder Meeting

    Market indices

    The importance of mentorship

    Investing in your interests

    Circle of competence


    Resources Discussed:

    The Intelligent Investor

    Moody’s Transportation Manual

    Value Line


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    • 33 min
    More Ulta Issues

    More Ulta Issues

    InvestED Episode #467: More Ulta Issues

    As investors the world over grapple with the rapidly changing financial landscape, where ETFs, meme stocks, and cryptocurrencies are all carving out their own space in a well-established ecosystem, how do value investors gauge the future of a business?

    While some might see these changes as a massive disruption to the market at large, there are others who, from a Buffett perspective, see the same cycle of boom/bust/reset playing out as it’s done so many times in the past.

    This week, Phil and Danielle continue from their jumping off point of the cosmetics industry to tell us why the difference between growth and value stocks isn’t nearly as significant as establishing the value of the business in order to plan for the future.

    For some great tips on what to do (and what not to do) when building your value investing portfolio, click here for your free copy of 10 Do’s and Don’ts of Successful Investing:  https://bit.ly/3XyEDbD

    Topics Discussed:

    P/E ratio

    Wall Street vs value investing future outlook

    Growth stocks

    Intrinsic value

    ETFs


    Resources Discussed:
    The Weather Matrix

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    • 36 min
    Ulta's Makeup Weather Part 2

    Ulta's Makeup Weather Part 2

    The digital age, with all of its monopolies and consolidation across various markets, has also seen a rise in innovation and small companies seeing success by having unprecedented access to consumers through new channels of commerce and communication.

    With market stability and consumer confidence taking hits in recent years, small luxuries like makeup continue to do well despite the struggles of luxury brands in general.  With the success of some niche brands in this highly competitive and specialized sector of cosmetics, what does the weather look like for some of the more established players in the makeup industry?

    This week, Phil and Danielle wrap up their discussion about the beauty industry and the way that boutique brands might affect the bottom line for the big names in cosmetic products.

    If you want a huge clue as to whether or not you’re looking into a business that will deliver predictably strong returns, don’t miss out on your free copy of The Big 5 Numbers Guide:  https://bit.ly/3psMESQ

    Topics Discussed:

    ETFs

    Augustinus Bader

    Victoria Beckham Beauty

    Ulta

    Sephora

    Kering

    LVMH

    D2C vs retail

    Cosmetic science


    Resources Discussed:
    Lisa Eldridge

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    • 27 min
    Ulta's Makeup Weather Part 1

    Ulta's Makeup Weather Part 1

    How important is investing to the economy at large? While companies don’t see a direct increase on their bottom line from the secondary market, it can be very important in helping to determine the value of a business and the drive interest in the primary market.

    For value investors, having a strong understanding of a business’s weather, i.e. their moat, competitive advantage, and other factors that determine their long-term success, is paramount to generating returns on a multi-year timeline. From the Rule #1 perspective, that’s the key difference between investing and simply gambling on the market.

    After a few weeks’ break on the subject, Phil and Danielle return with part 1 of an extra long 2-part episode breaking down the weather of the makeup industry giant Ulta, and share some of their insights into their own weather analysis of their history with this business. 

    For help identifying the durable advantage of a company you’re looking to invest in, click here for your free copy of The 5 Moats Investment Guide: https://bit.ly/3Kmb33J

    Topics Discussed:

    Primary market vs Secondary market

    CFO CEOs

    Ulta

    Augustinus Bader

    Victoria Beckham Beauty


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    • 32 min
    Not-So-Secret Weapon

    Not-So-Secret Weapon

    A crystal ball would be the ultimate tool for any investor, but given that we’re not living in a fantasy world, how do top investors prepare for an uncertain future?

    With the inevitability of market downturns, finding a balance between generating returns and being ready to strike when the iron is hot can be a tricky position to navigate.  Discovering that equilibrium, along with the patience to hold on through the ups and downs once you’ve bought into a great company, can be what makes or breaks a portfolio in the long run.

    On this week’s episode, the deep analysis of the 2023 Berkshire Hathaway shareholder letter continues as Phil and Danielle wring every ounce of wisdom from Buffett’s annual communiqué..

    For help with future-proofing your portfolio, click here for a free copy of The Ultimate Stock Market Crash Survival Guide:  https://bit.ly/3xNXFlf

    Topics Discussed:

    Munger’s influence on Buffett’s philosophy

    Investing in the information age

    Mutual funds vs ETFs

    Modern market volatility

    Forgoing returns to prepare for downturns


    Resources Discussed:

    Berkshire Hathaway shareholder letter

    Wilshire GDP ratio


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    • 33 min
    Bad Investment

    Bad Investment

    Here’s a scenario: you’ve identified a potential investment, you’ve gone through the checklist and done your research, and you decide that you’ve found a deal that other people seem to be overlooking.  You pull the trigger to buy into this company, and then the stock price begins to decline and you begin to wonder if you’ve made a mistake.

    Knowing the difference between having confidence in your investing process and being arrogant or blindly confident in a position can allow investors to act on proven strategy as opposed to being driven by fear and emotion.  Having a long-term outlook and a diligent methodology is the way for capable value investors to find the deals and realize the returns that many others in the market get wrong.

    This week, Phil and Danielle tackle another constant issue for investors as they dig into when, how, and why you should (or shouldn’t) stick with a purchase that doesn’t seem to be panning out the way you’d suspected.

    For help finding businesses that you feel confident investing in, click here for the “3 Circles” Exercise Guide:  https://bit.ly/3LOexg2

    Topics Discussed:

    Patience and discipline in value investing

    The dangers of hubris and confirmation bias

    Informed assumptions vs speculation


    Resources Discussed:
    Berkshire Hathaway shareholder letter (2013)

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    • 34 min

Customer Reviews

4.7 out of 5
85 Ratings

85 Ratings

English Tommy ,

Thanks guys

Danielle
I’ve enjoyed listening to you and your dad from episode 7. Thanks for keeping your dad on track and thanks Phil for the relaxed and clear way you explain difficult concepts. As Covid19 may well hurt the youth as much as us, could you consider starting a podcast for teenagers please? Long term goals consistent with Warren, Charlie and Rule 1. My kids would love it.
Thanks
Tom (England)

JLeary91 ,

Beware

Uses platform to push untested medication. Mainly driven by fear, which is blinding them from seeing data. Not a good look for ‘investors’. Also criticises certain investments whilst having a minimal understanding on the investment.

throwaway2637£84 ,

Highly recommend!

This is a really useful podcast, thanks a lot for making it available. My one critique would be that Danielle speaks over her father a lot, either trying to make her own stories somehow related or disagreeing with him on obvious things to make herself sound smarter. I’d like to hear more of Phil talk, thanks!

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