Summary: <br> Announcer: <a href="https://www.temi.com/editor/t/x10A_os2CGnpJ5Zj4v22bgtFrxDf6rhN129aTlnOWIswqe_wV9D63gqeegZxg8wIwryOhKbCzlLMoDxZz1O6ESj_SV4?loadFrom=DocumentDeeplink&ts=0.27">00:00</a> You’re<br> tuned in to the Investing for Beginners podcast. Finally, step by step premium<br> investment guidance for beginners led by Andrew Sather and Dave Ahern. To<br> decode industry jargon, silence crippling confusion and help you overcome<br> emotions by looking at the numbers, your path to financial freedom starts now.<br> <br> <br> <br> Dave: <a href="https://www.temi.com/editor/t/x10A_os2CGnpJ5Zj4v22bgtFrxDf6rhN129aTlnOWIswqe_wV9D63gqeegZxg8wIwryOhKbCzlLMoDxZz1O6ESj_SV4?loadFrom=DocumentDeeplink&ts=36.12">00:36</a> All<br> right folks, we’ll welcome to Investing for Beginners podcast. This is episode<br> 130 tonight, Andrew, and I are going to talk a little bit about they called an inversion.<br> I came across this great blog post from a gentleman named James Clear who talks<br> a lot about habits and developing different patterns and ways that we can think<br> better and work better with our minds and how we can set ourselves up to have<br> better processes in our lives. And he talked about inversion. So if those of<br> you who are not familiar with inversion, inversion means that you take<br> something and you turn it upside down, and you look at it from a different<br> angle or a different way. And I’ve talked a little bit about this in the past.<br> And Charlie Mugger is a big fan of a; I’m a big fan of Charlie monger. I was going<br> to say; he’s a big fan of mine. That’s so not true. , I’m a big fan of Charlie<br> Munger and the way he thinks. He’s a very, very deep guy.<br> <br> <br> <br> Dave: <a href="https://www.temi.com/editor/t/x10A_os2CGnpJ5Zj4v22bgtFrxDf6rhN129aTlnOWIswqe_wV9D63gqeegZxg8wIwryOhKbCzlLMoDxZz1O6ESj_SV4?loadFrom=DocumentDeeplink&ts=93.74">01:33</a> And<br> he talks a lot about inversion in his blog posts, in his books, in his speeches<br> that he gives. And he’s always quoting this term, invert, always invert. And<br> you got that from a mathematician named, Carl Jacobi and this is a German<br> mathematician, and he was famous for figuring out very, very hard problems by<br> inverting them. And by, what he meant by this was that he would take a math<br> problem and look at the answer and try to work backward to try to figure out<br> how to solve the problem as opposed to looking at the problem and then moving<br> forward trying to figure out what the answer would be. And he felt like that<br> that was a powerful way for him to look at the roadblocks and figure out<br> backward how to look at things. And this is something that I do myself when I’m<br> trying to figure out how to work with different formulas and things that are a<br> little bit above my pay grade so to speak is I will look at the answers and<br>
