『The Investing for Beginners Podcast - Your Path to Financial Freedom』のカバーアート

The Investing for Beginners Podcast - Your Path to Financial Freedom

The Investing for Beginners Podcast - Your Path to Financial Freedom

著者： Andrew Sather Stephen Morris and Evan Raidt
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The Investing for Beginners Podcast teaches you how to buy your first stocks and build long-term wealth in the stock market— without the hype or confusing jargon. Hosts Andrew Sather and Stephen Morris break down value investing fundamentals into plain English: how to read financial statements, value a company, avoid common beginner mistakes, and build a long-term portfolio you can actually stick with. Plus, in our At Any Rate episodes with host Evan Raidt, we tackle the personal finance side of wealth building— paying off debt, budgeting, saving, and the money debates every household faces before (and while) investing. Stop chasing "get-rich-quick" schemes and start building your path to financial freedom, one episode at a time. Follow for more.Sather Research, LLC 個人ファイナンス 経済学
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  • The Language of Business, Part 2: Why Your Stock Goes Nowhere

    The Language of Business, Part 2: Why Your Stock Goes Nowhere
    2026/10/29
    Stephen and Andrew walk down the income statement — the second stop in the Language of Business series — to show you exactly where money hides, where it bleeds, and how to spot a company that's working for its management instead of its shareholders. Starting from a simple question — how can sales and profits both grow 10% while your stock goes nowhere? — they break the statement into its three sections, compare Apple's clean income statement with Snapchat's stock-comp-heavy one, and build a plain-English mental model plus a 3-question checklist you can use on any company. What You Will Learn How to read an income statement top to bottom: revenue, gross profit, operating profit, and net income Why your stock can go nowhere even when sales and profits grow — dilution and stock-based compensation What gross margin tells you about pricing power, and why it varies so much by industry How operating leverage works: when operating income grows faster than revenue Where to find stock-based compensation and shares outstanding — and the red flags to watch When buybacks create real growth, and when they're just covering up dilution Stephen's $1 mental model and the 3-question checklist for any income statement Timestamps 00:00 — Why the income statement frustrates everyone 05:42 — The three profits: gross, operating, and net 07:17 — The brewery test: flat revenue, healthy or weak? 08:32 — Margins and benchmarks: what "good" actually means 10:06 — Gross margin by industry, and Apple's two businesses 14:29 — Volume vs. margin: Costco, Dick's, and Academy 17:30 — OpEx: R&D, SG&A, and operating leverage 21:22 — Snapchat's R&D bet and operating leverage 23:20 — Operating leverage in plain English 25:30 — Net income: interest, taxes, and one-offs 27:37 — One-offs as a capital-allocation signal 30:20 — Share dilution: why Andrew hates it 32:05 — Where to find SBC and shares outstanding 34:01 — Buybacks: when they work and when they don't 39:10 — The $1 mental model 40:20 — The 3-question checklist, your comments, and next time: balance sheets Resources Mentioned The Value Spotlight Newsletter: ⁠https://einvestingforbeginners.com/value-spotlight-newsletter⁠/ Have questions or want your story featured? Email the show at ⁠newsletter@einvestingforbeginners.com⁠ or comment below. Your feedback shapes the podcast! Remember, invest with a margin of safety—emphasis on the safety. Have a great week, and we’ll talk to you next time. Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Today’s show is sponsored by: Download Cash App Today: https://click.cash.app/ui6m/0th4z72y #CashAppPod As a Cash App partner, I may earn a commission when you sign up for a Cash App account. Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s bank partner(s). Bitcoin services provided by Block, Inc. For additional information, see the Bitcoin disclosures. Shopify: Stop waiting for permission to build something. Your next revenue stream starts for free at shopify.com/beginners Turn your biggest monthly expense into rewards. Bilt lets you earn points on rent payments with no transaction fees, redeemable for travel, fitness classes, and more at joinbilt.com/investing Supercharge your productivity and automate your daily tasks by building custom AI agents in your all-in-one workspace at ⁠https://notion.com/investing⁠ Take your investing up a notch with MooMoo — commission-free trading, pro-level research tools, and real-time market data, all in one app. Get started at start.moomoo.com/BEGINNERS Sending money across borders? Wise gives you the real exchange rate with low, transparent fees and no hidden markups. Join millions managing money globally at wise.com ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Interested in how your company sponsor the show? Reach us at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠equity@einvestingforbeginners.com⁠⁠⁠⁠⁠ ⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠SUBSCRIBE TO THE SHOW⁠...
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    45 分
  • AAR73 - When to Optimize and Wing It

    AAR73 - When to Optimize and Wing It
    2026/10/27
    Evan and Andrew take on optimization — the urge to squeeze every last drop out of every financial decision. Sometimes optimizing now pays off massively over time. Other times it's a recipe for a mediocre gain and a drastic increase in stress and time spent. In this episode, they run through seven everyday financial decisions and sort them into three buckets: worth optimizing, good enough, and not worth the trouble — with diminishing returns and real-life trade-offs in mind. What You Will Learn Credit card rewards / churning: NOT worth it. Limited upside for long-term wealth building, with real downside — it baits you into spending more than you otherwise would, and hopping from card to card hurts your credit score. 401(k) contributions: Good enough for most. Get the employer match, contribute a comfortable percentage (around 6%), and invest additional savings elsewhere where you can actually reach them before retirement. Max it out only if you're a high earner and it doesn't squeeze your life. Roth IRA contributions: WORTH optimizing. The best of the bunch, within reason and after your emergency fund and bills are covered. The annual max is low compared to a 401(k), the money grows tax-free, and you can pull out your contributions anytime, tax-free and penalty-free. Budgeting: Set it up, keep it sustainable, and stop there. The early decisions are powerful and low-effort. Optimizing to the nth degree gets exponentially more painful for almost no extra gain. Fudge factors are your friend. Taxes: Use a tax professional; don't DIY-optimize the tax code. Tax optimization is wealth-keeping, not wealth-building, and a write-off is never free money. Investing early: WORTH optimizing. Time matters more than amount. Even small amounts, started early — even for your kids — compound into life-changing numbers. Insurance shopping: Shop if you're clearly overpaying; otherwise skip it. A couple of hours to save hundreds a month is worth it. Hours of applications to save $10–20 a month is not. Timestamps 00:00 — What "good enough" really means 07:00 — Credit card rewards and churning 12:00 — 401(k) contributions 18:00 — Roth IRA contributions (the one worth optimizing) 23:00 — Budgeting (and permission to buy the stick of gum) 31:00 — Taxes and the tax code 38:00 — Investing early (compound interest, the eighth wonder) 45:00 — Shopping for insurance 51:00 — Close: one smart move at a time Resources Mentioned The Value Spotlight Newsletter: ⁠https://einvestingforbeginners.com/value-spotlight-newsletter⁠/ Free monthly budgeting spreadsheet: ⁠https://einvestingforbeginners.com/budget/⁠ Email Evan: ⁠evan@einvestingforbeginners.com⁠ Have questions or want your story featured? Email the show at ⁠newsletter@einvestingforbeginners.com⁠ or comment below. Your feedback shapes the podcast! Remember, financial freedom is built one smart move at a time. Keep it simple, keep it steady, and at any rate, we’ll see you next time. Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Today’s show is sponsored by: Download Cash App Today: ⁠https://click.cash.app/ui6m/0th4z72y⁠ #CashAppPod As a Cash App partner, I may earn a commission when you sign up for a Cash App account. Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s bank partner(s). Bitcoin services provided by Block, Inc. For additional information, see the Bitcoin disclosures. Shopify: Stop waiting for permission to build something. Your next revenue stream starts for free at ⁠shopify.com/beginners⁠ Turn your biggest monthly expense into rewards. Bilt lets you earn points on rent payments with no transaction fees, redeemable for travel, fitness classes, and more at ⁠joinbilt.com/investing⁠ Supercharge your productivity and automate your daily tasks by building custom AI agents in your all-in-one workspace at ⁠⁠https://notion.com/investing⁠⁠ Take your investing up a notch with MooMoo — commission-free trading, pro-level research tools, and real-time market data, all in one app. Get started at ⁠start.moomoo.com/BEGINNERS⁠ Sending money across borders? Wise gives you the real exchange rate with low, transparent fees and no hidden markups. Join millions managing money globally at ⁠wise.com⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Interested in how your company sponsor the show? Reach us at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠equity@einvestingforbeginners.com⁠⁠⁠⁠⁠⁠...
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    55 分
  • Solar Is Now the Cheapest Power on Earth — with Peter Davidson

    Solar Is Now the Cheapest Power on Earth — with Peter Davidson
    2026/10/26
    Renewable energy has gone from expensive science project to the cheapest way to build power in America — and most investors still don't understand how the business actually works. In this interview, Andrew sits down with Peter Davidson, CEO of Aligned Climate Capital, to break down the economics of solar power: how solar farms actually make money (it's more like building a rental apartment than a tech startup), why over 90% of new US power generation being built is wind, solar, and batteries, how AI and data centers are driving a 5x surge in electricity demand, and the risks investors need to watch — permitting, NIMBYism, and interest rates. They also get into the grid (built for one day a year), virtual power plants, advanced geothermal, small modular nuclear, and the public companies worth knowing. Whether you're a beginner or a seasoned investor, this is the cleanest walkthrough of the energy transition we've put out. What You Will Learn How a solar farm actually makes money — the offtake-agreement model, explained like a rental apartment Why solar and wind are now the cheapest ways to build new power (the curves have crossed) Why over 90% of new US power generation is wind, solar, and batteries — and what that means for investors How AI and data centers are driving electricity demand growth from 0.5% to 2.5% per year (a 5x jump) Why a solar farm gets built in 6 months while a gas plant takes 2–3 years (and gas turbines have a 4–6 year backlog) The real risks: permitting, NIMBYism, and why interest rates are the number to watch How the grid works — and why it was built for a single peak day each year What virtual power plants are, and why your home battery could sell power back to the grid What's next: advanced geothermal, small modular nuclear, and higher-upside energy bets The public companies Peter names: Nextracker, NextEra, Bloom Energy, Hannon Armstrong Timestamps 00:00 — What's happening in renewable energy 02:31 — What most investors don't understand about solar power 04:52 — Solar is now ~13% of US electricity (up from 1–2%) 07:31 — "Building a solar farm is like building a rental apartment" 09:01 — The input of solar power is free 10:52 — Over 90% of new US power built is wind, solar, and battery 11:39 — Are we running out of land for solar? 14:27 — Wind farm myths: noise, bird kills, and cats 16:39 — Agrivoltaics: farming and solar on the same land 19:03 — Energy demand growth going from 0.5% to 2.5% (a 5x jump) 22:42 — Gas turbine backlog: 4–6 years from GE or Siemens 25:00 — Aligned's two strategies: buying solar farms + venture investing 28:31 — Public companies to know: Nextracker, NextEra, Bloom Energy 32:47 — Higher upside, higher risk opportunities in energy 37:14 — Utility companies as investments 41:25 — The grid: the greatest machine ever built (and it's built for peak) 45:48 — Why doesn't every home have a battery? 47:51 — The urban challenge: renters, apartments, and city EV charging 49:01 — How high can solar's 13% share realistically go? 49:27 — Australia hits 100% renewables at times of day 50:52 — EVs: 1 in 4 cars sold globally is now electric 52:58 — The risk investors must watch: interest rates Resources Mentioned The Value Spotlight Newsletter: ⁠https://einvestingforbeginners.com/value-spotlight-newsletter⁠/ Aligned Climate Capital: https://alignedclimatecapital.com/ Have questions or want your story featured? Email the show at ⁠newsletter@einvestingforbeginners.com⁠ or comment below. Your feedback shapes the podcast! Remember, invest with a margin of safety—emphasis on the safety. Have a great week, and we’ll talk to you next time. Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Today’s show is sponsored by: Download Cash App Today: https://click.cash.app/ui6m/0th4z72y #CashAppPod As a Cash App partner, I may earn a commission when you sign up for a Cash App account. Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s bank partner(s). Bitcoin services provided by Block, Inc. For additional information, see the Bitcoin disclosures. Shopify: Stop waiting for permission to build something. Your next revenue stream starts for free at shopify.com/beginners Turn your biggest monthly expense into rewards. Bilt lets you earn points on rent payments with no transaction fees, redeemable for travel, fitness classes, and more at joinbilt.com/investing Supercharge your productivity and automate your daily tasks by building custom AI agents in your all-in-one workspace at ⁠https://notion.com/investing⁠ Take your investing up a notch with MooMoo — commission-free trading, pro-level research tools, and real-time market data, all in one app. Get started at ...
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    52 分
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