This was recorded a couple months back, Terra Luna and it’s founder we’re in the news about shady cryptocurrency practices, but this topic is even more relevant today with the collapse of FTX and how Sam Bankman Fried has handled it. We can learn a lot about a company, it’s products, and culture from its leadership. This is why leadership should be part of our investing thesis when purchasing part ownership of a publicly traded company. Tune in to find out what lessons we can learn from former NBA head coach Phil Jackson, Costco founder Jim Sinegal, and Good To Great author Jim Collins. Thank you for listening! --- Send in a voice message: https://podcasters.spotify.com/pod/show/outcome-becomes-income/message

We hear a lot of terms used in investing, but we don’t always know which ones are useful and what they mean. One term we offer hear is “Market Cap” which is short for market capitalization. This is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by the number of common shares outstanding. We can use the market cap to do some back of the envelope math to value a company compared to its peers and if the company has room to grow. Tune in to find out more. Thank you for listening! --- Send in a voice message: https://podcasters.spotify.com/pod/show/outcome-becomes-income/message

One of the most profound quotes about investing is from William Bernstein. “A portfolio is like a bar of soap the more you use it the smaller it gets.” Now what does this mean? Tune in and find out. Thank you for listening! --- Send in a voice message: https://podcasters.spotify.com/pod/show/outcome-becomes-income/message

There's a story I once heard about Wayne Gretzky.  After practice or a game, his father would have Wayne do an exercise and draw on a piece of paper all the places in hockey rink the puck went.  The idea being that if the great one could determine all the places the puck had been, going forward he could determine where the puck would be going.  This became the famous quote, "Go to where the puck is going, not where it has been.”  As investors, we should have the same mentality.  We want to identify the trends and technologies that will shape the future and invest in those companies and industries now to be ahead of the curve.  Thank you for listening! --- Send in a voice message: https://podcasters.spotify.com/pod/show/outcome-becomes-income/message

What can Ruth Bader Ginsburg teach us about investing. I saw a sticker with a quote attributed to her, "to those accustomed to privilege equality feels like oppression."  Once upon a time the stock market was like this.  Not everyone had had access to invest, and if you did it was still very expensive.  Now brokerages like Robinhood, M1, Stockpile, and SoFi have leveled the playing field for the retail investor.  We can setup an account at any of these brokerages for free, make an initial investment, buy stocks, mutual funds, or exchange traded funds with no commission, and buy fractional shares with as little as one dollar.  We now have the opportunity do what many privileged have done to generate wealth, the times are changing, so let's build a sound financial future together.  Thank you for listening! --- Send in a voice message: https://podcasters.spotify.com/pod/show/outcome-becomes-income/message

In his famed parable Mr. Market, Benjamin Graham said, “In the short run, the market is a voting machine but in the long run it is a weighing machine.” As investors we are in stock market for multiple decades.  A publicly traded companies growing revenue, profits, and consistent cash flows may not be recognized by the market in the short term.  A company can fall out of favor for any number of reasons.  Over the long term though, which is all that matters, the market will reward companies with a growing intrinsic value. In the meantime, we can use this to our advantage, as it gives us an opportunity to buy more of a company at a discount.  Tune in for more, thank you for listening! --- Send in a voice message: https://podcasters.spotify.com/pod/show/outcome-becomes-income/message

My thoughts on optimism vs pessimism and how these philosophies apply to investing. If you’re optimistic about the future and believe the world will be a better place through innovation and technology you should be bullish on investing in the stock market. The potential upside is infinite. If you’re pessimistic about the future you should still invest in the stock market.  But if you believe the world is only getting worse and innovation and technology seizes, your investment can only go to zero. Please subscribe and thank you for listening! --- Send in a voice message: https://podcasters.spotify.com/pod/show/outcome-becomes-income/message

Several months back, I read Atomic Habits by James Clear. The book is a guide that can help us implement small habits in our daily lives to help improve ourselves and reach goals incrementally over time. I’ve been thinking a lot about a story from this book recently regarding a professor of a photography and a grading system he had for his students. The gist of the story is being perfect doesn’t help us reach our goals but repetition does. I haven’t been putting out much content lately, and I’m trying to improve and become more consistent. Here’s a link to an article Clear wrote on his blog about the photography professor. https://jamesclear.com/repetitions. Thank you for listening! --- Send in a voice message: https://podcasters.spotify.com/pod/show/outcome-becomes-income/message

I come across this parable often, and I time I do, I read it. I’m always reminded how accurate it is at explaining what so many of us do in our daily lives buy running the rat race. I retired early, and at that point hadn’t yet read the parable. It was only after I read this for the first time that I realized the lessons from this parable is what I had done with my life, and investing help achieve my goal of financial freedom. Investing can help all of us achieve our goals. Tune in to hear more. Thank you for listening! --- Send in a voice message: https://podcasters.spotify.com/pod/show/outcome-becomes-income/message

I came across this article on Forbes by Jonathan Dash, How Investors are costing themselves money. The article talks about Peter Lynch, who managed the Fidelity Magellan Fund from 1977 to 1990. While he managed the Magellan fund it averaged an annual return of 29%. For context the S&P 500 averaged an annualized return of only 9.55% over the same time period, but the average investor of the fund during this time lost money. How is this possible? Tune in to find out the mistakes Magellan fund investors made, mistakes investors still make today, and what lessons we can learn to ensure we don't make the same mistakes. Thank you for listening! Forbes article: https://www.forbes.com/sites/forbesfinancecouncil/2021/06/02/how-investors-are-costing-themselves-money/?sh=5d50a4095e30 S&P 500 return calculator: https://dqydj.com/sp-500-return-calculator/ --- Send in a voice message: https://podcasters.spotify.com/pod/show/outcome-becomes-income/message