Phil Town

So in this video, let's look at how he's seeing these start to crack the AI narrative, as well as the number one indicator he thinks we need to be watching to ensure that we don't get caught up in a big AI correction.

Also, quick reminder that the three-day live investing workshop that I do in Atlanta with the one and only Phil Town is once again back in September.

It's on the 18th to the 20th of September.

It is completely free to attend.

No, I think that's a really smart thing to do.

I think that the main way that I've developed a strong investing mindset is basically through the teachings of people like Warren Buffett, just like the world's best investors, Benjamin Graham, even like Phil Town, those kind of guys.

I think when you first start out with stock market investing, you start out with quite a speculative mindset, I think just in most cases, because you don't really understand... how businesses work or how the market functions, especially if you're just like an amateur investor kind of thing.

So I think that it's really important to develop a strong investing mindset and especially educate yourself about how the markets work and what sort of a role emotions play in driving the markets.

So for that, I think it's really smart.

If you can read the letters to shareholders from Warren Buffett, you read the books like Rule One by Phil Towne or Dando Investor or Intelligent Investor or just any of these stock market books, one up on Wall Street, then you can start getting a feel for...

You can start getting a feel for all of these famous investors, their investing mindset.

And they go into detail and explain why they've come to the investing mindset and their investing philosophy that they use.

I read a lot of books.

And fortunately, I found a guy by the name of Phil Town who provided some of the calculus that went into Ticker.

Now, spoiler alert here, nobody, I mean, anybody using Ticker doesn't have to use any math whatsoever, but I'll continue with the backstory here.

Well,

so

it's kind of crazy

yeah so we're beating most financial advisors wealth managers and even hedge funds around the world the algorithm is is that powerful, but I have to pass a lot of the credit to Phil Town, Warren Povett, and Charlie Munger.

Wow.

We've seen a market that is very overvalued.

Therefore, the value investing approach that people like myself and Warren Buffett, you know, Manish Pabrai or Phil Town or whoever you like, all those guys, that's the reason that they've naturally been accumulating more and more cash.

Now, of course, the stock market could go up, down, or sideways.

Even if it's overvalued, that doesn't mean it's going to crash.

Just remember that overall, the value investing approach only allows us to buy low so that we can sell high later on.

it never allows us to buy high and for that reason that is why it has generally helped us keep money out of the market over the past five years even though that means that we have missed out on the stock market gains of the last five years so overall do i think value investing is dead Absolutely not.

The strategy of finding great companies and only buying them when they're at margin of safety prices, the value investing approach that people like Warren Buffett and Charlie Munger and Phil Towne and Monish Prabrai, all of those guys use, no.

This is absolutely the right investing approach to follow if you want to have success in the stock market over decades and decades and decades.

And then we've got the new addition for this version of the spreadsheet, which is payback time.

And this is another method taught by Phil Town.

So all of these methods here are used by Phil Town and taught in his books.

So I recommend you go check him out, uh, if you're interested in learning about these more in depth.

Um, but of course, I talk about this all the time on my channel as well.

Um-

Phil, Phil Town's rule one, right? Don't lose money.

Yeah.

Absolutely.

And other ways that, obviously I just keep up to date with kind of news and see what people are thinking.

I also like to kind of keep up to date with what, um, like what companies my gurus, I suppose, are talking about.

Kind of like Warren Buffett and Phil Town, and those kind of guys.

So if I hear on the, you know, hear on the podcast that Phil Town is, is using Chipotle Mexican Grill as an example, I'll be like, "Oh, okay." And then I naturally will just go over and have a look at what they're all about and, and that sort of thing.

Um, I'll, I'll ask this one to you.

I haven't, I haven't seen, um, Phil Town's name come up in a while.

It's, uh, it's been a little while.

Good old Phil.

Yeah.

Uh, anyway, the question is, uh, "Hi, Brandon and Hamish.

Uh, not related to this episode, but have you come across anyone else who has a toolbox similar to Phil Town's? Hamish, your spreadsheet is awesome to use." Oh, thank you very much.

Uh, "But when I want to quickly look at a company, I use Phil Town's toolbox, Toolbox..."