Rule #1 virtual workshop event

May 21, 2020

Introduction

It is one hour virtual workshop event. I like to take some notes what I learn from this presentation.

Ideas I like 

79% - run out of money in retirement
21% - doing great and can enjoy the money whenever how long they live

Jack Meyer - Harvard investor

Sec filing of Warren Buffet
Moat of the company - how to find the company?

10 dollars to buy using 5 dollars

Mutual fund manager - value is questioned, and cost of management fee is questionable.

Charlie Munger - 60 year partner of Warren Buffet

I have a life, and I like to relax and sit them wait. Event -> It's time to be greedy when other people are fearful.

Market - sell half price -> dream price, disaster helps - global things - Greece 2001
Industry crisis - 2010 Mexico well broke

IBM - shift - radically things
Recession
They have to beat those competitors ...
Rain gold -> time to go out with a bucket ...
Wash tub -> fill wash tub with gold

Three day workshop -

Focus - each punch, 20 punch whole life - 20 companies in life time, 4 or 5 of them, big margin of safety in the life

You have to have a lot of ...

Here's a recap of how this works

• Get the stock on your radar
• Understand the company in great detail... including its values
• Make sure the company meshes with your value system
• Wait for an event
• Understand the event and why the price of the company has plummeted

We are actually human. We are not genius. We are reducing the risk of the money on the table. 

Minimize the risk, take some money out of the market at right time. 

You cannot time the market - huge advantage - be nimble? Too big, it will crash the market - Warren Buffet for example

IBM - buybacks: Reduce risk 

Rule #1 strategy: R.U.L.E.R.

• Radar
• Understand
• Love
• Event
• Reduce risk

2011, 2012 tools for your 401 K could save you big drop in the market

51:50 Here's what you will learn:

1. How to buy a wonderful company for half the price
2. Know when to get out

Rule #1 

Here's what you're going to discover in our three days together

• Which companies to radar and how to find them, so you have about 50-100 target companies. 
• How to know the company is wonderful and the reliable sources to help you find these companies so that you only use correct information
• How to match your values with your money. People who attend the workshop especially love this. 
• How to find an EVENT, which is huge, because this means you buy a $10 note for $5.
• How to maintain your margin of safety so you protect your capital.
• And then we'll get into some of them ore advanced financial tools including derivatives, which is just basically options. Understand these and you'll reduce your potential exposure to zero, faster. 
• How to create a high cash flow in retirement so you're not eating beanie-weenie and struggling to survive

People pay $5000 dollars to attend. Best education to get. Warren Buffet tried to teach in 50 years. 

Spend three days with me. Turn into low risk and high return. 

Actionable Items

It is similar to boot camp. I do think that it takes time to learn and no one can be a super talent learner by going through 3 days training, $5000 dollar cost.

Teacher is the best. But reality is tough for any one to be a naive investor in stock market. 

Ruleoneinvesting.com