The Investing for Beginners Podcast - Your Path to Financial Freedom
IFB136: Investors Don’t Know Anything (About the Future)
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 numbers. Your path to financial freedom starts now.
Dave: 00:35 All
right folks welcome to
Investing for Beginners podcast. this is episode 135, tonight Andrew and I
are going to discuss that Andrew had this great idea that we would talk about
what investors know, which is nothing he is forecasting the future and what
analysts mean when they think about what’s going on in the future and how we
don’t know what could become. And if we do well, then you’re smarter than us.
So without any further ado, I’m going to go ahead and turn over to Andrew and
Andrew is going to go ahead and take it away. All right, Andrew
Andrew: 01:10 Yeah,
thanks, Dave. I had, so I have four bullet points on this, just kind of different
examples because something about this topic is pressing and I feel it needs to
be sent at the same time. I think it’s very inspiring and it can certainly help
somebody who’s a value in this or somebody who’s trying to be a contrarian.
When you’re trying to buy stocks at a discount to their intrinsic value, you’re
going to have to go against a lot of them. Maybe at first, these not the right
word, but you know, you have to go against the grain. You have to go against
what the popular opinion is on the stock and you know, sometimes the popular
opinions, right? And sometimes it’s wrong. And so we can kind of look at the
stocks we’re looking at today and maybe our South, here are some reasons why
the stock is probably undervalued. Maybe there are good reasons and here are
some reasons that are probably just been alerted talk, you know, just like,
Andrew: