Before purchasing a business, Guideline # 1 Investors conduct extensive research to make sure that the business they intend to get aligns with the 4 crucial concepts set out by Charlie Munger. These concepts are suggesting, moat, management, and margin of safety.
In this week's Vault episode, Phil and Danielle return to the topic from last week's listener question to dive into a conversation about the distinction between investing and speculating. They likewise take a closer look at the idea of "risky investing" and why Rule # 1 considers the term an oxymoron.
To see how your investing knowledge stacks up and find methods to enhance your approach to the practice, click on this link to take the Guideline # 1 Investing IQ test:
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