The Compound Commitment

Mike Nilson

Welcome to the Compound Commitment, where we focus on the small actions that compound over time.  I'm your host, Mike Nilson.  Join me every Tuesday as we build the habits that support wealth, health, and happiness.  Each week, we share insights on investing, wealth management, and financial planning alongside practical strategies for nutrition, sleep, relationships and happiness.  Check out compoundcommitment.com to sign up for a complimentary 30-Day Wealth, Health, or Happiness Commitment.  

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    Owning Businesses, Not Ticker Symbols: The Rule #1 Approach to Investing w/ Phil Town

    Episode 020: Phil Town is an investor, teacher, and bestselling author of Rule #1, known for making long‑term investing more understandable and more approachable. Before becoming a professional investor, Phil lived an unconventional life that included river guiding in the Grand Canyon—an experience that shaped his perspective on risk, decision‑making, and patience. Over the years, he’s helped millions of everyday investors think differently about money by focusing on clarity instead of complexity. In this episode, Phil walks us through the 4 M’s of investing, a simple but disciplined framework designed to help investors make better long‑term decisions—especially during volatile markets. The first “M” is Meaning. Phil believes the best investments start with businesses you actually understand. If you can’t clearly explain how a company makes money, what problem it solves, and why customers choose it, it may not belong in your portfolio. Investing isn’t about chasing trends—it’s about knowing why you own what you own. Next is Moat. Phil breaks down the importance of competitive advantages and why truly great businesses can protect profits over time. Whether it’s brand power, switching costs, network effects, or proprietary systems, moats help companies stay resilient through economic cycles. Without a moat, even strong companies can struggle to compound consistently. The third “M” is Management. Phil explains why investors should care just as much about who’s running the company as the numbers on the spreadsheet. Ethical leadership, aligned incentives, and a long‑term mindset matter. Great management teams think like owners—and that can make all the difference when times get tough. Finally, Phil covers Margin of Safety, which he believes is where discipline truly shows up. Buying great businesses is only half the equation—buying them at a price that gives you room for error is what helps reduce downside risk. Phil shares how patience and valuation work together to help protect investors from emotional decisions and overconfidence. Throughout the conversation, Phil reminds us that successful investing isn’t about being flashy or fast—it’s about commitment, consistency, and staying within your circle of competence. This episode is a powerful reminder that when you focus on quality and discipline, compounding has a chance to work.    Phil Town is hosting his next workshop in March, 2026.  Check him out on social media @ruleoneinvesting to get details.

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Giới Thiệu

Welcome to the Compound Commitment, where we focus on the small actions that compound over time.  I'm your host, Mike Nilson.  Join me every Tuesday as we build the habits that support wealth, health, and happiness.  Each week, we share insights on investing, wealth management, and financial planning alongside practical strategies for nutrition, sleep, relationships and happiness.  Check out compoundcommitment.com to sign up for a complimentary 30-Day Wealth, Health, or Happiness Commitment.  

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