Aye! We have another guest in this episode and this one is special as his podcast was instrumental in my journey in investing when I was just beginning to find my way. My guest for today is Andrew Sather, host of the Investing for Beginners podcast. He has always believed that average investors have so much potential to build wealth, through power of patience, a long term mindset, and compound interest. He hopes to translate finance for all which I share in my podcast also for my fellow millennial seafarers. Andrew, with his co-host Dave Ahern, also have a website (link below) that provides so much value other than their podcast. It contains a treasure trove of articles on personal finance, accounting, investing and more.

Our conversation involves such diverse topics that the title can't do any justice. We talked not only about investing in high inflation and best management qualities but also on investing biases, portfolio allocations, personal finance and more. The talk with him was such a treat. Give it a listen!

Andrew Sather's podcast - https://apple.co/3Jq3GGu

also his website- https://einvestingforbeginners.com

Reach out to me thru my Facebook page- https://fb.me/theseafarerinvestorpod

and by my email - seoshininvestor@gmail.com

Timestamps in the episode:

-What investing books Andrew is reading right now? [03:01 ]

-Andrew's way of reading a lot of books at the same time [04:20 ]

- One of the crucial mistakes made by investors in the 2008 Financial crisis [07:30 ]

-Andrew shares his journey as to why he chose active investing. [11:31 ]

-He talks about his own investing framework in picking stocks. [19:17 ]

-Why Andrew owns Berkshire Hathaway B shares and its not the reason you would think. [21:47 ]

-How is Andrew investing in these times of high inflation. [23:55 ]

-Inflation is temporary and normal in the economic cycle. [28:58 ]

-Andrew shares a time when an investment he made failed and how he learned from it. [31:32 ]

-Qualities in the management of a business Andrew is looking for to be in his portfolio. [36:43 ]

-He explains what is ROIC (Return on Invested Capital) and why it is a good metric also in checking management quality. [42:30 ]

-What Andrew thinks about how management is being compensation especially on Stock Based compensations or SBCs [44:43 ]

-Andrew shares his worst investment bias and how he is handling it. [47:38 ]

-How he does his portfolio allocations? How he sizes his bets? [53:12 ]

-Diversification is not sacrificing returns but a common misconception. [57:21 ]

-How Andrew handles his own personal finance? [01:03:35 ]

-Andrew promotes his show and where to connect with him. [01:06:27 ]

-What happiness mean to Andrew? [01:08:20 ]