InvestED: The Rule #1 Investing Podcast

Phil Town and his daughter Danielle have spent years walking listeners through the same Rule #1 framework Phil built his career on, an approach rooted firmly in Buffett and Munger's school of thought. The father-daughter dynamic gives the show its character. Phil teaches with the patience of someone who has explained margin of safety a thousand times, while Danielle pushes back, asks the questions a beginner would actually ask, and refuses to let jargon slide by unchallenged. That makes the show one of the more accessible entry points for people who want to learn fundamental analysis without feeling lost in spreadsheets. Episodes cover Phil's four Ms (meaning, moat, management, margin of safety), how to read a 10-K without losing focus, and how to think about owner earnings, return on invested capital, and intrinsic value calculations. The hosts also discuss current market conditions, recent Berkshire moves, and investing books worth reading. The format alternates between teaching episodes and interviews with hedge fund managers, authors, and analysts who share how they actually pick businesses to own. With hundreds of episodes in the archive, InvestED works equally well as a structured learning curriculum and as ongoing companionship for anyone trying to build conviction in their own portfolio decisions. The tone stays warm and honest, which makes the harder lessons stick and keeps newer investors coming back week after week.