“If you’re on a path that’s a good path, you will succeed at it.” – Phil Town
This week on InvestED, Phil and Danielle discover parallels between a hero’s journey and the journey that one takes as a Rule #1 investor.
Just as a hero does, a Rule #1 investor starts as a person in the ordinary world who experiences a call to adventure. They then have to cross the threshold into investing, go through tests, learn, and many times face failure before they find success.
This call to adventure may be a realization that you need to help yourself financially or get yourself to a better life.
But what do you do when others around you including yourself become skeptical? Keep persevering and don’t give up.
By following Rule #1 investment strategies like understanding the business, determining if the moats are strong, and waiting to buy it on sale, you will find success.
If you want to learn more about Rule #1 investment strategy and current financial news, join us on the podcast today!
Show Notes:
- The Hero’s Journey: Joseph Campbell on His Life and Work
- The Dhandho Investor: The Low-Risk Value Method to High Returns
- Undaunted Courage by Stephen E. Ambrose
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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.