Wes Rowlands

Well, that's a really hard game, like really hard game.

But if I go on the other side and I have more of a productive asset philosophy, which a productive asset high level is, okay, does the asset itself produce cash and ideally cash flow to the investor?

And then to what degree does it do it?

So I'd rather do that.

I'd rather buy assets, whether it be private business, public companies, or real estate that produce income for me, because at the core, there's a value exchange.

The way you make money in an economy is you produce value at a fair margin.

The way you multiply that money is, in my opinion, just by investing in value creation.

So make money by creating value, grow the money by investing in value creation.

The nucleus of both of those is fair money exchange for value created.

Now, in a productive asset, you put them all on a buffet and you say, okay, well, here are all the productive assets that I could invest in right now.

Which one do I think is the best?

As simple as this sounds, most people just don't do that.

They just don't look at all the universe of investments that they can invest in and then select what they think is the best.

When Warren Buffett was interviewed one time, it was phenomenal.

He said, hey, Warren, how'd you get so good at investing?

He said, well, I would study Moody's manuals and read other books, et cetera.

And the interviewer was like, well, Moody's manuals, I mean, those are thousands of pages back in the day.

And they said, well, how did you simplify it?

And where did you start?

He said, well, I started from the letter A.