337- Checklist Inversion
b'\\u201cInvert, always invert\\u201d \\u2014 Charlie Munger\\nIf you want to really be a great Rule #1 investor, you must have an investing strategy in place to help guide you.\\xa0\\n\\nYou must create a story for the company you want to invest in and determine why this is a great company. Once you have that story, invert it by flipping to the opposite point of view.\\xa0\\n\\nYou should try to create the argument that this investment isn\\u2019t the best idea, and if you can\\u2019t, then that is a sign that you don\\u2019t know enough about the company yet.\\n\\nSo, as a part of your Four Ms checklist, one of the last steps is to invert.\\xa0\\nWhen you apply inversions to buying a business, there are four key reasons to look at:\\xa0\\n\\nYou have a serious inversion for every key reason to own the business\\n\\nYou know every reason not to buy a company, better than the short sellers\\n\\nFor every inversion, you know a solid rebuttal that erases the inversion\\n\\nShort sellers are wrong!\\n\\n\\nIn this podcast, Phil & Danielle cover why it\\u2019s important to invert along with four key things to consider for your checklist inversions.\\n\\nLearn more about buying wonderful companies with the Four Ms Guide! Click here to get started: https://bit.ly/3uHlZ2T\\n\\nTopics discussed in this podcast:\\n\\nHow to Create a Story\\n\\nWhy You Should Always Invert\\n\\nHow to Invert to Own a Business\\n\\nFour Key Points of Inversions\\n\\nRelating to Chipotle & Gamestop\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'