Summary: <br> Announcer (<a href="https://www.temi.com/editor/t/Aq6sQ5wvGZRzX67wpmJ-N1Ue-xuIzwjZM3nA21y7lrbJH9eA5nmwTM4Wl0jPxWrW2borxdyP1ye_9eV5rdvIybFCzYU?loadFrom=DocumentDeeplink&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/Aq6sQ5wvGZRzX67wpmJ-N1Ue-xuIzwjZM3nA21y7lrbJH9eA5nmwTM4Wl0jPxWrW2borxdyP1ye_9eV5rdvIybFCzYU?loadFrom=DocumentDeeplink&ts=41.46">00:41</a>):<br> <br> <br> <br> All right folks, welcome to Investing for Beginners<br> podcast. Tonight Andrew and I have been talking, and he thought we would do it<br> all basics of the economy. So we haven’t taught, we’ve touched a little bit on<br> economics in the past, and we thought maybe this would be a good time<br> considering everything that’s going on with the economy in the world that<br> there’s going to be some dues of different things happening over the next six<br> months to a year plus that the talking heads on the news, we’ll talk about<br> things and it might upset people a bit. And so we thought maybe we could spend<br> a little bit of time and talk about some of those issues and some of the things<br> that are going on and help clear things up a little bit so that when you come<br> across things you, it helps ease your mind a little bit. So Andrew, why don’t<br> you go ahead and kind of start us off, and we can chat a little bit about this.<br> <br> <br> <br> Andrew (<a href="https://www.temi.com/editor/t/Aq6sQ5wvGZRzX67wpmJ-N1Ue-xuIzwjZM3nA21y7lrbJH9eA5nmwTM4Wl0jPxWrW2borxdyP1ye_9eV5rdvIybFCzYU?loadFrom=DocumentDeeplink&ts=89.58">01:29</a>):<br> <br> <br> <br> Yeah, sure. I think it’s very important to kind of<br> understand the economy and the right context. Obviously, as investors, we are a<br> big part of the economy and what the comment, what the economy does is going to<br> affect the businesses we own, the businesses in our portfolios, and how they<br> perform.<br> <br> <br> <br> Andrew (<a href="https://www.temi.com/editor/t/Aq6sQ5wvGZRzX67wpmJ-N1Ue-xuIzwjZM3nA21y7lrbJH9eA5nmwTM4Wl0jPxWrW2borxdyP1ye_9eV5rdvIybFCzYU?loadFrom=DocumentDeeplink&ts=109.12">01:49</a>):<br> <br> <br> <br> And so I think it’s very easy as an investor to get caught<br> in our little sliver of, well I have this business, I have that business. And<br> then you kind of take what you hear on the news, take what you hear, what you<br> see from the different publications, and you get little snippets from it, and<br> that’s great. But if you don’t understand the big picture and you don’t zoom<br> out and try to get a grasp of that, I think sometimes looking at that can be<br> more harmful than helpful. So as an example, it’s very easy for us to look. So<br> if you’ve listened to our podcast at all, you know that I am very, very big on<br> learning from the past and trying to understand that things move in cycles and<br> things that happened in the past tend to happen again, sometimes in a different<br> form.<br> <br> <br> <br> Andrew (<a href="https://www.temi.com/editor/t/Aq6sQ5wvGZRzX67wpmJ-N1Ue-xuIzwjZM3nA21y7lrbJH9eA5nmwTM4Wl0jPxWrW2borxdyP1ye_9eV5rdvIybFCzYU?loadFrom=DocumentDeeplink&ts=171.28">02:51</a>):<br> <br> <br> <br> So history doesn’t necessarily repeat, but it tends to<br> rhyme. And so it’s very easy for investors to make simplified ideas and make<br> big investment decisions out of those. And those don’t always turn out in the<br>
