InvestED: The Rule #1 Investing Podcast

492- Questionable Mastery


Listen Later

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

      ...more
      View all episodesView all episodes
      Download on the App Store

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

      • 4.4
      • 4.4
      • 4.4
      • 4.4
      • 4.4

      4.4

      1,489 ratings


      More shows like InvestED: The Rule #1 Investing Podcast

      View all
      Mad Money w/ Jim Cramer by CNBC

      Mad Money w/ Jim Cramer

      4,100 Listeners

      Motley Fool Hidden Gems Investing by The Motley Fool

      Motley Fool Hidden Gems Investing

      3,228 Listeners

      InvestTalk by Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

      InvestTalk

      1,498 Listeners

      Money For the Rest of Us by J. David Stein

      Money For the Rest of Us

      1,361 Listeners

      The Investor's Podcast (We Study Billionaires)  - The Investor’s Podcast Network by The Investor's Podcast Network

      The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

      3,347 Listeners

      Money Guy Show by Brian Preston and Bo Hanson

      Money Guy Show

      3,242 Listeners

      Rule Breaker Investing by The Motley Fool

      Rule Breaker Investing

      938 Listeners

      Investing Insights by Morningstar

      Investing Insights

      518 Listeners

      The Investing for Beginners Podcast - Your Path to Financial Freedom by By Andrew Sather, Stephen Morris, and Evan Raidt | Stock Market Guide to Buying Stocks

      The Investing for Beginners Podcast - Your Path to Financial Freedom

      1,416 Listeners

      Wall Street Breakfast by Seeking Alpha

      Wall Street Breakfast

      1,044 Listeners

      Investing With IBD by Investor's Business Daily

      Investing With IBD

      374 Listeners

      Value Investing with Legends by Columbia Business School

      Value Investing with Legends

      208 Listeners

      The Long View by Morningstar

      The Long View

      934 Listeners

      Barron's Streetwise by Barron's

      Barron's Streetwise

      1,573 Listeners

      The Morgan Housel Podcast by Morgan Housel

      The Morgan Housel Podcast

      989 Listeners