IFB176: 3 Things to Learn From Shark Tank About Investing

Announcer (00:02): I love this podcast because it crushes your dreams and getting rich quick. They actually got me into reading stats for anything you’re tuned in to the Investing for Beginners podcast led by Andrew Sather and Dave Ahern. A step-by-step premium investing guide for beginners, your path to financial freedom starts now. Dave (00:32): All right, folks, we’ll welcome to the Investing for Beginners podcast. This is episode 176 tonight; Andrew and I will talk about three things you can learn from investing, from Shark Tank. This is one of Andrew’s favorite shows, and we talk about the episodes from time to time, and it’s really interesting stuff. We thought we would share some ideas that Andrew and I have picked up, mostly Andrew, from the show. So Andrew, why don’t you go ahead and tell us a little bit about your idea. Andrew (00:59): Yeah, sounds good. So, you know, you’re talking about how you’re just watching it before we came on. I thought that’d be a fun idea for those of you who haven’t seen Shark Tank. It’s a show on CNBC, and you have big investors on there. Mark Cuban, Raymond James, the sky, he calls himself Mr. Wonderful. And they have entrepreneurs to come on the show, and basically, they try to pitch these investors to try to get these investors, to give them money as investments for their businesses. Andrew (01:30): And so you’ll have all range, all sorts of a range of businesses between people, with ideas, to people, with multimillion-dollar businesses, looking to get money to take them to that next level. And so really, if you think about what investing is. We talked about this way back in the archives, in our back to the basic series, which started on episode four, the two, we talked about how, when you buy a stock, what you’re getting is a piece of ownership of a business. And as that business grows, it deals with all the same market forces as the businesses you see on Shark Tank or your local small business; it’s all business and the language of businesses, the language of business. So I think I’ve kind of picked up it’s, it’s been something I’ve I’ve liked to have on the, in the background or, you know, like to watch for fun and kind of say, there’s, there’s some good stuff in here. Andrew (02:36): So maybe we can, we can share it for first and foremost. You know, Mr. Wonderful is, by far, my favorite character. He’s; she’s, she’s the best way to describe it would be. He’s just a character; he’s funny. And I think a lot of the way he looks up businesses is similar to how I look at them. So he mentions a priority first and foremost on...