Hey folks! I can't wait for you to share your best investing advice, share below and I'll be sure to check them out! If you're just getting into investing, be sure to check out my must-have checklist: bit.ly/2gzphA5
Initially I followed the old advice, passive investing, and I knew it wouldn´t bring the results I am looking for. I was searching for a rather long time for a way of investing that suits me. I knew about value investing and thought it was way out of my means to follow that approach. Then I met you, well indirectly through the internet (what a great invention!) - I like the first quote in your book "Rule Nº 1" - Change your thoughts, and you change your world. - So true! I have a new outlook on life.
"Believe nothing, no matter where you read it, or who said it, no matter if I have said it, unless it agrees with your own reason and your own common sense." -Gautama Buddha Although Buddha was not an investor, there is a lot of things to learn from him in life in general. The quote above means to ignore all the noises, and stay rational with your own reasons. Investment is not only about making money, it's about learning to live. Most great people who have died long time ago have the same philosophy as the great investors.
"You must buy on the way down. There is far more volume on the way down than on the way back up, and far less competition among buyers. It is almost always better to be too early than too late, but you must be prepared for price markdowns on what you buy" - Seth Klarman
If I want to invest in a company, I would like to know about the products they are in production and how the market respond and understand the product values of how long it can and about the company that makes similar products and what are the advantages and risk and the over all performance the Sale's growth,the people involved in managing the company and their credibility...The debts the company is involved the cash flow how long it can sustain,the Divident flow,the bottom price every year , the book value of the company,the new products and future growth statergy of the company...are few items to start with you can look at Investing into a company...Rule No1: Don't loss your money, Rule No2: Always Remember Rule No'1 .. Happy Investing...
Phil, when I took your course you may remember, I had just opened a satellite office in a nursing home at 80 years. You had me vidioed. Earlier this year I was featured on the Today show out of New York on a series of working past retirement age. I sent you a book tape that related to your talk and have never heard if you got it. If you would like to see my other tape (very short) I'll send you my web site. It might be helpful to your teaching. Your tape on couples is excelent and I am forwarding it to my children and my accountant. Dr Shakey
Buy only when the price comes low, look at the chart pattern for the past every year, you will find that the stock have down couple of times , this is due to the big institution doing buy or sell, what you need to do is wait for the right price and you can call it a buy zone and buy only at that price...Keep the investment money always ready for buying at that price.. That is called patience, hold your money and wait patiently, not buying High and loos the money... Happy Investing...
Hi Phil. You should check out some quotes from Andre Kostolany. He actually was more of a speculator than an investor but his quotes about wall street economy investing etc are priceless. His books are awesome too. A must read actually. Cheers Jerome
Hi Phill thanks for making this video as buffet is my favourite investor and u r my favourite investing advisor.... love from India....and btw I m 14 so do have any advice for me?and I have watched all of ur videos except that invested series
Hi Misra, thank you for following. You are young and have wonderful opportunities ahead of you. Continue to learn and save money for your future investments.
Hi Phil...just subscribed yesterday to your youtube channel and through email. Am newbie here want to learn more and hopefully be able to share this with my husband who is busy working and with my children. Hope I can understand this...:)
Be gready when others are fear full. In the beginning i ren away from cheap companies who were going down nog i try to buy some more shares but it is harder then it seems. 😀
I have been buying a wonderful company at what everybody calls “overvalued” for the past 2 years. Almost every time I added more shares, I bought at the peak of the 52 week high price - WM. Still buying.
The chains of habits are too light to be felt until too heavy to be broken. When you see a company that has a habit forming durable competitive product/service, combined with honest and able management, wait till there’s blood in the streets and then run out with buckets to collect! Otherwise, sit on your ass and do nothing the rest of the time.
Hello Phil, Currently I am getting a business having for sale for 70% discount, the reason for the discount is scam happened with a some employee. This is Government owned bank named Panjab National Bank in India & its the second largest public sector bank. Can I buy it as much as possible ? Greetings from India
Investing is not putting all eggs in one basket.. You can allocate a portion of your fund say 5% in it.. If you find very good company, you may want to put 8 to 10% , but that would be difficult..You can look the the way the portfolio is managed in the Mutual funds and the percentage they allocate for each company.. If you think it's a risk after you have done the study of the company very well , you probably want to have less than one % of it in your portfolio...
I like what he says about investing in things that produce value; rather than things which have subjective value. Like buying a farm verses gold. The farm will produce things for you. The gold will simply sit there, maybe it will gain value maybe not. That advice is grain.
The quote “It is far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” only applies when you have already millions/billions to invest. Please do better research.
The key is to go back to the drawing board and remember the fundamentals of Rule #1, Sharmella. The first step is to find a business whose competitive advantage you understand. Read on here: bit.ly/2ZcZ2Uv
Laziness bordering on sloth! This from a guy who reads all day long, (Buffet) Sorry I’m not buying into the laziness nonsense. He works at thinking all day long
Which means you are more rights than Warren Buffett what a laughable. You better invest or do whatever you want and believe and speak after you have succeed like him Mr Cham
Hey folks! I can't wait for you to share your best investing advice, share below and I'll be sure to check them out! If you're just getting into investing, be sure to check out my must-have checklist: bit.ly/2gzphA5
great video!
YEAH!!!! GREAT!
Phil Town's Rule #1 Investing wonderful job mr. Phil
Time in the market beats timing the market.
My favorite one is from Kevin O'Leary: Investment is not scary! When you are 60 and have no investment...That's scary!
"If you want to invest in something with minimum Risk and a guaranteed Big Return, INVEST IN YOURSELF.."
Gold
"As happens in Wall Street all too often, what the wise do in the beginning, fools do in the end" - Warren Buffett 1989 shareholder letter
Initially I followed the old advice, passive investing, and I knew it wouldn´t bring the results I am looking for. I was searching for a rather long time for a way of investing that suits me. I knew about value investing and thought it was way out of my means to follow that approach. Then I met you, well indirectly through the internet (what a great invention!) - I like the first quote in your book "Rule Nº 1" - Change your thoughts, and you change your world. - So true! I have a new outlook on life.
"Believe nothing, no matter where you read it, or who said it, no matter if I have said it, unless it agrees with your own reason and your own common sense."
-Gautama Buddha
Although Buddha was not an investor, there is a lot of things to learn from him in life in general. The quote above means to ignore all the noises, and stay rational with your own reasons.
Investment is not only about making money, it's about learning to live. Most great people who have died long time ago have the same philosophy as the great investors.
Unless you're talking to a physicist about quantum mechanics... advice even Einstein failed to heed.
zanpaktuh Your comment is very reasonable. Thumbs up to it.
Buy right... Hold tight
wisdom is the ability to leave things as they are
Buy when everyone else is selling and hold until everyone else is buying. --Paul Getty
I use a list of the 10 market sectors to help narrow down what kind of industry I feel comfortable investing in.
"You must buy on the way down. There is far more volume on the way down than on the way back up, and far less competition among buyers. It is almost always better to be too early than too late, but you must be prepared for price markdowns on what you buy" - Seth Klarman
How do you know you understand a business when researching where to invest?
If I want to invest in a company, I would like to know about the products they are in production and how the market respond and understand the product values of how long it can and about the company that makes similar products and what are the advantages and risk and the over all performance the Sale's growth,the people involved in managing the company and their credibility...The debts the company is involved the cash flow how long it can sustain,the Divident flow,the bottom price every year , the book value of the company,the new products and future growth statergy of the company...are few items to start with you can look at Investing into a company...Rule No1: Don't loss your money, Rule No2: Always Remember Rule No'1 ..
Happy Investing...
Phil, when I took your course you may remember, I had just opened a satellite office in a nursing home at 80 years. You had me vidioed. Earlier this year I was featured
on the Today show out of New York on a series of working past retirement age. I sent you a book tape that related to your talk and have never heard if you got it. If you would like to see my other tape (very short) I'll send you my web site. It might be helpful to your teaching. Your tape on couples is excelent and I am forwarding it to my children and my accountant. Dr Shakey
Hey Mr. Town I have a question. If I am planning to hold a stock for long term, is it necessary for me to buy extremely cheap
Buy only when the price comes low, look at the chart pattern for the past every year, you will find that the stock have down couple of times , this is due to the big institution doing buy or sell, what you need to do is wait for the right price and you can call it a buy zone and buy only at that price...Keep the investment money always ready for buying at that price.. That is called patience, hold your money and wait patiently, not buying High and loos the money... Happy Investing...
Budget budget budget. Live on a written budget and you'll be amazed how much extra money you'll find to save and invest.
Hi Phil. You should check out some quotes from Andre Kostolany. He actually was more of a speculator than an investor but his quotes about wall street economy investing etc are priceless. His books are awesome too. A must read actually.
Cheers
Jerome
Absolutely agree about the debt advice. It can cause a “hidden management agenda” which I’ve unfortunately learned about the hard way
U r just great Phil.. Hats off to you
Mr Town, you look amazing for 70! Investing must be the secret to longevity!
Dave Merton I had to look that up! He’s the same age as my dad and I didn’t think my dad was that old!
Would REITs be an exception to the rule concerning debt, since almost all large properties are leveraged?
You would be better with etf's and well diversified. And a cash position available.
Hi Phill thanks for making this video as buffet is my favourite investor and u r my favourite investing advisor.... love from India....and btw I m 14 so do have any advice for me?and I have watched all of ur videos except that invested series
Hi Misra, thank you for following. You are young and have wonderful opportunities ahead of you. Continue to learn and save money for your future investments.
P Misra : Did you know that Warren Buffett started investing when he was only 11 years old? Just imagine, whole three years before your age!
Gudmundur Rafn Geirdal Bragason I know
P Misra : That’s wonderful. Did you know then that Ray Dalio started his investing at the age of twelwe?
Gudmundur Rafn Geirdal Bragason I'm gonna be honest with u....the answer is no
Hello Phil
What did you think of cryptocurrencies ?
Rather invest in them than stocks ?
Greetings from Switzerland
Hi Tobi, we actually recently touched on Bitcoin and cryptocurrencies in one of our recent podcasts, check it out: bit.ly/2yiYAcB
-_Tobi_-26 : I’d like to tell you that Dr. Jim Rickards thinks they are a bubble and that the bubble will eventually burst and burst bigtime.
Lmao
Thanks Phil for a great video. I like your book Rule 1 to.
I love Warren Buffett style of investing. It has withstood the test of time. The principles are easy but the analysis is not.
Hi Phil...just subscribed yesterday to your youtube channel and through email. Am newbie here want to learn more and hopefully be able to share this with my husband who is busy working and with my children. Hope I can understand this...:)
Phil, take a look at QCOM. Is it a great company?
Be gready when others are fear full. In the beginning i ren away from cheap companies who were going down nog i try to buy some more shares but it is harder then it seems. 😀
My favorite investment idea from you is invest in companies you know, like and use everyday.
Thanks Cynthia, can't say I don't agree. It makes it so much easier to not get into hot water when you know the company and industry well.
Completely agree and that's what Warren Buffett did aswell..
I have been buying a wonderful company at what everybody calls “overvalued” for the past 2 years. Almost every time I added more shares, I bought at the peak of the 52 week high price - WM. Still buying.
I really like the way you explain the things. I had a teacher (Shabir hakim) who had the same quality
If Buffett is the end all be all, shouldn't a person's investment strategy simply be to invest in BRK-B?
Thank you! helpfull peace of advice!!! on a nutshell
Great video, thank you.
Great 👍
The chains of habits are too light to be felt until too heavy to be broken. When you see a company that has a habit forming durable competitive product/service, combined with honest and able management, wait till there’s blood in the streets and then run out with buckets to collect! Otherwise, sit on your ass and do nothing the rest of the time.
Be rational. :-). Best advice
The video is valuable
But I didn't understand last sentence
Only when the tide goes out, you get to see who is swimming naked -WB
Do not use short term funds for long term investments
Don't ever lose your money and never forget this rule
Hello Phil, Currently I am getting a business having for sale for 70% discount, the reason for the discount is scam happened with a some employee. This is Government owned bank named Panjab National Bank in India & its the second largest public sector bank. Can I buy it as much as possible ?
Greetings from India
Investing is not putting all eggs in one basket.. You can allocate a portion of your fund say 5% in it.. If you find very good company, you may want to put 8 to 10% , but that would be difficult..You can look the the way the portfolio is managed in the Mutual funds and the percentage they allocate for each company.. If you think it's a risk after you have done the study of the company very well , you probably want to have less than one % of it in your portfolio...
I like what he says about investing in things that produce value; rather than things which have subjective value.
Like buying a farm verses gold.
The farm will produce things for you. The gold will simply sit there, maybe it will gain value maybe not.
That advice is grain.
Markets are breaking down everywhere..
what's your view sir, any tips?
If I can’t explain what I’m doing over lunch to someone who knows absolutely nothing about investing I don’t do it.
NEVER LOSE MONEY
Your voice Phil got cut of at the very end of the video in a middle of a sentence.
Warren Buffett said also that Amazon should not work!
The quote “It is far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” only applies when you have already millions/billions to invest. Please do better research.
Investment in the Kingdom of GOD
Steer away from debt!
you own TSLA yet?
First of all, It's a debt, not an asset. Second, Phil probably go around by flying, not driving.
i don't want to invest in something that i don't understand.
The key is to go back to the drawing board and remember the fundamentals of Rule #1, Sharmella. The first step is to find a business whose competitive advantage you understand. Read on here: bit.ly/2ZcZ2Uv
not sure I fully understand "we eat our own cooking".
"It is far better to own a tiny fraction of an interest in the Hope Diamond than 100% interest of a rhinestone."
-Warren Buffett
Laziness bordering on sloth! This from a guy who reads all day long, (Buffet) Sorry I’m not buying into the laziness nonsense. He works at thinking all day long
Which means you are more rights than Warren Buffett what a laughable. You better invest or do whatever you want and believe and speak after you have succeed like him Mr Cham
If a stock is boring, it's because it's not making any gains. So investing in boring stocks is a sure way to make nothing.