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by Phil Town & Danielle Town
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In the high-stakes world of investing, mindfulness helps value investors stay focused, patient, and rational. It strengthens resistance to fear and greed, promotes long-term thinking, and sharpens decision-making. By staying present, investors can tune out market noise and stick to their principles. In this Vault interview, Phil and Danielle revisit a conversation with mindfulness expert Dawa Tarchin Phillips. His insights on leadership and mindfulness equip investors with the patience, clarity, and resilience needed for volatile markets. By integrating mindfulness into investing, he provides tools to stay focused and make rational, long-term decisions—essential skills for any serious investor. For more inspiration from some of the investing world’s most brilliant minds, click here for Phil’s free guide to The Best Investors in the World: https://bit.ly/4haMBQ6 Topics Discussed: Empowerment Holdings IMTA Mindful Leadership Tribe Transformational Leadership Council Learn more about your ad choices. Visit megaphone.fm/adchoices
Engaging in any form of investment involves some level of uncertainty. While it's natural to feel proud of our achievements, it's equally important to analyze our process when things go wrong. As with anything in life, if we practice value investing for long enough, we’ll inevitably make some missteps. By reflecting on failures, we uncover insights and lessons that not only strengthen our decision-making but also help us grow as more informed and resilient investors. On this Vault episode we look back on the troubled story of Horsehead Holdings, and Phil dives into his connection to the company and what he took away from his experience watching a business defy expectations. If you’re looking for help with how to plan, save, and invest—at any age—make sure to get our free guide, Map Out Your Investing Journey: https://bit.ly/3DTy4qN Topics Discussed: Horsehead Holding Corporation 13F filings 10-K reports Zinc industry EBITDA P/E ratio Resources Discussed: GuruFocus DATAROMA Seeking Alpha Learn more about your ad choices. Visit megaphone.fm/adchoices
Free cash flow is a key metric in value investing. It provides a more reliable view of a company’s financial health than its earnings, which can be influenced by creative accounting. By focusing on free cash flow, investors can identify financially solid companies with long-term potential and reduce reliance on speculation. As we close out 2024 and as InvestED nears its 500th episode, this week we’re looking back on an episode from very early in the show’s run. This Vault pull serves as an excellent primer to anyone who’s new to the show and gives a great overview of Rule #1/Buffett-style investing. For some great year-ending insights into the mind of the Oracle of Omaha, click here for a free copy of Phil’s Warren Buffett Book of Quotes: https://bit.ly/3OEPXjL Topics Discussed: Humanizing companies Crowdfunding and regulation Cash flow vs. earnings Certainty in investing Resources Discussed: Payback Time Learn more about your ad choices. Visit megaphone.fm/adchoices
Season’s greetings, value investors! Phil and Danielle check in to reflect on the holiday season and express gratitude for the support of all InvestED listeners throughout the year. As our hosts prepare for some vacation time to close out 2024, we want to share a warm reminder to cherish the season (while staying mindful of long-term financial goals). Whether you’re new to InvestED or just looking to revisit some classics, click here for curated playlists featuring some of the best episodes from over the years: https://bit.ly/3MUOiFn Learn more about your ad choices. Visit megaphone.fm/adchoices
So a business you own is undergoing an event that’s made the future less certain—so what’s your next move as a value investor? Finding the right time to sell can be difficult when the M.O. is to buy and hold, but knowing when to break with an investment can be just as important as knowing what to buy in the first place. Investing success hinges on finding antifragile companies—those that thrive in adversity and compound growth over time. Focusing on a few resilient businesses, rather than over-diversifying, leads to better long-term returns, especially during downturns. Rather than timing the market, investors should prioritize companies with strong fundamentals and compounding potential. Patience and discipline are vital to benefit from their growth through adversity. On this week’s show, Phil and Danielle discuss how to approach your investments having events and what the Rule #1 philosophy can tell us about these situations. For help in planning out your investment journey in the year ahead, don’t miss your free copy of Phil’s 12-Month Financial Success planner: https://bit.ly/45AP6Xh Topics Discussed: Chipotle’s E. coli outbreak San Diego real estate problems Intrinsic value Antifragile businesses Emotion in investing Sprouts FOMO Tulipmania Resources Discussed: All In Rule #1 Learn more about your ad choices. Visit megaphone.fm/adchoices
Your circle of competence is the cornerstone of smart investing. Expanding your knowledge as you grow keeps your skills sharp and your strategy strong. When you focus on what you know best, you gain a clearer view of potential investments. This clarity can help you navigate market shifts with greater confidence and resilience than when you’re taking on an investment with more unknowns. In this episode, Phil and Danielle discuss how your perspectives can change over the years, and how expanding and refining your circle of confidence can use that change to your advantage. If you’ve found your circle of competence and you’re ready to invest, click here for your free copy of How To Pick Stocks: The 5-Step Checklist for help with identifying which businesses are right for you: https://bit.ly/3ros8mU Topics Discussed: Figuring out “wonderful” Qualitative vs quantitative analysis Continuous education Circle of competence Finding your “one thing” Rule #1 of investing Resources Discussed: Groundhog Day City Slickers Learn more about your ad choices. Visit megaphone.fm/adchoices
To novices and outsiders, the practice of investing can appear intimidating and overwhelming. However, despite the seemingly high barriers to entry and understanding market dynamics, an investor’s IQ matters less than their ability to be disciplined, patient, and emotionally detached from their investments. In fact, this applies even more to newcomers than it does to seasoned investors, as working with more capital can make it difficult to find impactful investments compared to a modest portfolio. As you grow in your investing practice, those added complications can be countered by an expanded circle of competence and deeper market knowledge. This week, Phil and Danielle discuss how an investor’s mental state and learned habits can aid their investing journey more than their sheer brain power. They also dig into the ongoing antitrust trial over Google’s practices and what the outcome could mean for the tech world. For more insights on the fundamentals practiced by Buffett and other investing greats, make sure to get your free copy of these 6 Market Crusing Investing Principles : https://bit.ly/45szJ2v Topics Discussed: Jim Simons/Renaissance Technologies Amazon founding Buffett’s change of heart re: Apple Reliance on China IQ vs hard work Circle of competence Google antitrust cas Lina Khan Differentiating between short- and long-term problems Fiat/Ferrari Resources Discussed: Mohnish Pabrai on Ferrari Gemini (Google AI) Learn more about your ad choices. Visit megaphone.fm/adchoices
As value investors, we aim to identify and monitor exceptional, well-managed companies that dominate their industries, effectively operating as unique monopolies. A good starting point is using Google to gather basic insights—stock charts and financial summaries provide a broad overview. From there, explore their reports to assess transparency: are they forthcoming with information, or does it seem like they’re withholding details? Finally, conduct a deep analysis to determine whether the company aligns with your values and investment philosophy. In this follow-up to the previous episode's discussion, Phil and Danielle return to Terumo to talk through a recent application of their research process. For help to find the right business to start your own deep dive, don’t miss your free copy of the “3 Circles” Exercise Guide: https://bit.ly/3LOexg2 Topics Discussed: Buffett selling stock Treasury bonds and P/E ratios Boeing woes Rule of 72 Terumo OTC companies Resources Discussed: All In podcast Rule #1 by Phil Town Invested by Danielle and Phil Town Learn more about your ad choices. Visit megaphone.fm/adchoices
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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.
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