340- Investing Lessons from Formula 1: Understanding What You Really Own
So you invested in a business...but do you know who ACTUALLY owns that business? Do you know what the management is like and how that can drastically affect the success of your investment?\n\nFor sports fans \u2014 especially racing fans \u2014 Formula One Racing (owned by Liberty Media Corporation) seems like an attractive stock to add to your portfolio, as it\u2019s one of the few opportunities to invest in sports.\n\nAs Phil returns from the United States Grand Prix, he and Danielle reflect on the sport growing in popularity and discuss when to give stock, like Formula 1, the green light to drive into your portfolio.\n\nPhil and Danielle dive deep into the first step of the investing checklist to explain what the history of Formula One can teach you about investing and the importance of understanding the business behind your investment...before you actually buy.\n\nDownload the easy-to-use checklist discussed in the episode and learn how to find the best companies for your portfolio: https://bit.ly/3mivmDe\xa0\n\nTopics discussed in this podcast:\n\nWarren Buffett\u2019s investing strategies\n\nValue investing\n\nReal-life investing\n\nInvesting in Trusted Management\n\nFormula 1 Stock\n\n\nResources discussed in this podcast:\n\nThe Innovation Stack by Jim McKelvey\n\nBill Ackman\u2019s 8 Principles\n\nPhil\u2019s Go-To Investing Checklist\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices