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 number, your path to financial freedom starts now.

Scott:                                    00:36                     All
right folks, we’ll welcome to Investing for Beginners podcast. This is episode
126 tonight; we’re going to have some fun. We are going to interview an author,
gentleman named Scott Chapman. He wrote this amazing, fantastic book called
Empower your Investing, and we’re going to chat about this tonight. So without
any further ado, I’m going to turn it over to Scott. Scott, why don’t you tell
us a little bit about yourself?

Scott:                                    01:00                     Well,
thanks to Dave and Andrew, that’s a pleasure to join you tonight. A little bit
of background about myself. I’m a professional portfolio manager. I founded my firm
about six years ago called Chapman investment management. And this, this book
that you mentioned in power, you’re investing. The subtitle is adopting best
practices from Peter Lynch, John Templeton, and Warren buffet. This whole
project started about 25 years ago and I had gone through and gotten my MBA in
finance and had gone through the CFA or chartered financial analyst program,
which is a three-year program with at that time, at one test given each year
you have to pass those to be success with tests.

Scott:                                    01:52                     And
the pass rate was somewhere around the 30 or 40% range. Three years later, I
had that certification, and in 1993 I was named the portfolio manager for our
large-cap growth fund, which had a one-star rating by Morningstar, which was
the lowest star rating they gave.