IFB145: Finding Great Balance Sheets with Braden Dennis




The Investing for Beginners Podcast - Your Path to Financial Freedom show

Summary: <br> Announcer (<a href="https://www.temi.com/editor/t/a4D7UeNOPQkwBvvnKqMBJdA6l_bMOFA7oM9LkDQ1Uu70RXaGnNT6fto3Ziw7MN1EtPTGeMkePaD8uC0M_7xDn1zuS2M?loadFrom=DocumentDeeplink&amp;ts=0.3">00:00</a>):<br> <br> <br> <br> You’re tuned in to the Investing for Beginners podcast.<br> Finally, step by step premium investment guidance for beginners, led by Andrew<br> Sather and Dave Ahern. To decode industry jargon, silence crippling confusion<br> and help you overcome emotions by looking at the numbers. Your path to<br> financial freedom starts now.<br> <br> <br> <br> Dave (<a href="https://www.temi.com/editor/t/a4D7UeNOPQkwBvvnKqMBJdA6l_bMOFA7oM9LkDQ1Uu70RXaGnNT6fto3Ziw7MN1EtPTGeMkePaD8uC0M_7xDn1zuS2M?loadFrom=DocumentDeeplink&amp;ts=36.24">00:36</a>):<br> <br> <br> <br> All right, folks, we’ll welcome to Investing for Beginners<br> podcasts 145 tonight; we have our good friend, Braden Dennis, back for another<br> show. He’s going to be talking to us from Canada. He is locked up just like we<br> are, but a, and he’s got some great ideas for us. And for those of you who are<br> not aware of Braden, for those of you who lived under a rock, Brayden works<br> with stratosphere investing. He’s also with the Canadian investor, which is as<br> of today, well I guess more recently is the top Canadian investing podcast in<br> Canada, which is awesome. So congratulations, Brayden. Thank you for coming<br> back on the show. And why don’t you tell us a little bit about what’s been<br> going on? What are your thoughts on all the fun with the market fluctuations,<br> shall we say? And the effects of coronavirus from your point of view.<br> <br> <br> <br> Braden (<a href="https://www.temi.com/editor/t/a4D7UeNOPQkwBvvnKqMBJdA6l_bMOFA7oM9LkDQ1Uu70RXaGnNT6fto3Ziw7MN1EtPTGeMkePaD8uC0M_7xDn1zuS2M?loadFrom=DocumentDeeplink&amp;ts=84.78">01:24</a>):<br> <br> <br> <br> Fun is a good word that you just use to describe it.<br> Another one would be confusing. And the third one I might use is just<br> uncertainty is the name of the game when it comes to the stock market right now<br> and more than the stock market. Our lives are regular day to days are just kind<br> of in this whirlwind every morning when I open up my laptop working from home,<br> I have to check what day it is. I told Nolan the last time I was in a routine<br> where I just absolutely had no idea. So it is a weird thing, and it is<br> unprecedented in terms of history. This is a game-changer. And for me, the way<br> I think about it with my investments and my customers a stratosphere investing<br> is what are you learning about yourself right now with the Coronavirus<br> pandemic, what are you learning about how you react in a bear market?<br> <br> <br> <br> Braden (<a href="https://www.temi.com/editor/t/a4D7UeNOPQkwBvvnKqMBJdA6l_bMOFA7oM9LkDQ1Uu70RXaGnNT6fto3Ziw7MN1EtPTGeMkePaD8uC0M_7xDn1zuS2M?loadFrom=DocumentDeeplink&amp;ts=145.71">02:25</a>):<br> <br> <br> <br> That self-awareness is key right now, and that alum lock<br> with how you should think about your portfolio in the future. And right now, if<br> you are panicked on the sell button, then you need to rethink the type of<br> companies you might hold and your style in general. If you’re just not able to<br> sleep at night, knowing that 25% 30% corrections in stocks are actually not a<br> new concept by any stretch. So although this, what we’re dealing with right now<br> is unprecedented, and his historic mortgage drops are not. So you have to take<br> a step back, take a little bit of, you know, self-awareness. And for myself,<br> quality, quality, quality, quality businesses are the ones that you will be<br> able to look in your portfolio and go; I know that this company in five years, ten<br> years, 20 years, we’ll continue to be a great free cash fl...