IFB154: Garbage In, Garbage Out
The Investing for Beginners Podcast - Your Path to Financial Freedom - Podcast tekijän mukaan Andrew Sather and Dave Ahern
Kategoriat:
Announcer (00:00):
You’re tuned in to the Investing for Beginners podcast. Finally, step by step premium investment guidance for beginners led by Andrew Sather and Dave Ahern. To decode industry jargon silence crippling confusion, and help you overcome emotions by looking at the numbers, your path to financial freedom starts now.
Dave (00:36):
All right, folks, we’ll welcome to Investing for Beginners podcast. This is episode 150 people. Andrew and I are going to talk about garbage in garbage out. We’re going to talk a little bit about how you focus and what you take in. Can it impact how you think about things, Andrew and I were talking off-air about some of our ideas of, of some of these things, and we thought we would share some of those with you tonight. So, Andrew, I’m going to go ahead and turn it over to you, and why don’t you go ahead and get us started?
Andrew (01:06):
Yeah, definitely. So I think as investors, something you need to keep in mind is, and I hope I don’t come across this way when we talk about investing, but in my opinion, investing isn’t something you can just snap your finger and go and expect good results. Particularly if you’re going to be kind of poking around and trying to get involved with the businesses, understanding the businesses you own and understanding the principles of investing, you know, we’re doing this for the longterm, we’re diversifying where we’re making good habits and depositing money and investing money over time. These are all sorts of basic foundations of good financial sense. Good investing sense. And so when you talk about the mindset that goes behind it and the thoughts, what comes in your inputs and then how that translates to the type of businesses you’re investing in. I think it’s worth the conversation to, to maybe audit how you’re doing that and understand that it’s not going to be a snap of a finger.
Andrew (02:17):
There is going to be some effort involved. I think if you want to be good at anything, you’re going to have to put effort into it, and there are no shortcuts. And so if you can supercharge those efforts and make things as effortlessly as possible, that can do a lot for your end goals and maybe reaching financial freedom one day. And so there’s been a lot of chaos with media these days. I would say, personally, I feel media exhausted, and this hasn’t been necessarily that intentional for me lately. I kind of stumbled it, but in the past few weeks have been making it more intentional. That’s the idea that you need to. What I found for myself is I didn’t realize how, how, how many things I was letting to come into my valuable space, and my valuable time. And so I don’t know how much of this has to do with the way technology has changed the way things are, you know, back in the 1950s you had the daily newspaper get delivered to your door, right?
Andrew (
