IFB86: Graham and Doddsville Superinvestors + An Announcement

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 and Dave 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:                                    00:36                     Welcome

to podcast episode tonight. We’re going to have an interesting discussion.

We’re going talk about several things tonight. So first off we’re going to talk

a little about the market and the conditions that it’s in today, and so what

we’re doing tonight is we’re recording on.

We’re going to discuss the market on December 20th, 2018. Talk a little bit

about the market conditions. Then we’re going to segue and talk about my buddy

Warren Buffet and one of probably the best speeches you’re ever going to learn

about in regards to investing. And then we have a listener question that Andrew

wanted to discuss towards the end, and then we also have a special announcement

that we’ll talk about at the end as well. So why don’t we go ahead and start off by talking about the market conditions. Andrew, why don’t you go ahead and

tell us how good or how bad things are right now.

Andrew:                              01:31                     Yeah,

it’s really bad right now. Everybody’s freaking

out and so I think it’s something we need to address and when I mean everybody,

I mean the media, obviously there’s all these reasons for why, why it is

basically, I don’t know how the rest of the year is going to end up what I’ve

seen historically in December, even if there’s been a strong area you will

generally see some selling off in December because people have this crazy idea

that you should lock in losses in order to save on taxes. I’ll get like

two to a deep into a tangent. That’s one of those stupid things that people use

as this conventional wisdom, this idea that you should take a loss to save

money on taxes, but so, so you’ll have some of this December selling off.

You’ll see as a result of that and we have had so many other factors in play,

but essentially where we closed at the end of 2017 last year with the S&P;

500, we’re about 200 points under that this year as we record this December

20th.