In this episode, Andrew and Dave delve into listener questions focusing on position sizing and portfolio management. They discuss the merits of tracking total cash versus total percentage and elaborate on the use of spreadsheets and tools like Fiscal AI. The hosts dissect the idea of averaging up on stocks, providing insights on when it might be appropriate based on a company's lifecycle and growth potential.

The conversation also ventures into analyzing substantial losses in a portfolio, examining specific stocks like Wynn, Alibaba, Baidu, and Airbnb. Andrew and Dave offer advice on how to evaluate whether a stock's decline is due to short-term issues or more systemic problems, and they underscore the importance of understanding the fundamentals and business lifecycle before making buy or sell decisions.

00:00 Welcome to Investing for Beginners

00:20 Listener Question: Position Sizing

01:33 Understanding Portfolio Percentages

07:42 The Importance of Averaging Up

12:50 Listener Question: Handling Stock Drops

20:09 Exploring Energy Stocks and Cyclical Markets

22:29 Challenges of Investing in the Energy Sector

24:41 Impact of Travel Trends on Casino Stocks

27:04 Analyzing the Future of Casino and Gaming Stocks

30:58 Risks and Rewards of Investing in Chinese Companies

33:58 Lessons from Airbnb's Stock Performance

38:49 When to Sell: Evaluating Fundamental Changes

40:41 Conclusion and Listener Engagement

Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening.

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Have questions? Send them to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠

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