AAR15 - Avoiding Financial Biases with John De Goey

AAR15 - Avoiding Financial Biases with John De Goey

Author: By Andrew Sather, Stephen Morris, and Evan Raidt | Stock Market Guide to Buying Stocks September 16, 2025 Duration: 45:20
The Investing for Beginners Podcast - Your Path to Financial Freedom
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In this episode of 'At Any Rate,' host Evan Raidt is joined by John De Goey, author of 'Bull Shift,' host of 'Make Better Wealth Decisions Podcast,' and a respected portfolio manager. John shares his extensive journey to becoming a consumer advocate and financial advisor, highlighting his personal financial awakening. John discusses various biases, emphasizing overconfidence and recency bias, and how they impact our financial decisions. The conversation delves into the concepts of optimism bias and longevity risk and the importance of diversification. John offers valuable advice on preparing for economic downturns and the role of financial advisors in providing focus and discipline. He also recommends several insightful books on behavioral finance and shares his views on achieving financial freedom. The episode wraps up with John providing information on where to find more of his work, including his podcast and latest book. 00:00 Introduction and Guest Welcome 00:33 John Dego's Journey to Financial Advocacy 02:40 Personal Financial Awakening 05:27 Understanding Financial Biases 08:13 Stagflation and Economic Concerns 13:47 Financial Goals and Industry Changes 28:10 The Role of Financial Advisors 31:59 Longevity Risk and Financial Freedom 35:28 Recommended Reading for Financial Literacy 39:32 Conclusion and Where to Find More Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening. Please make sure you subscribe to John's channels and website. You can find him on his website ⁠johndegoey.ca, his podcast ⁠Make Better Wealth Decisions Podcast⁠, and buy his book Bull Shift, where all books are sold. Today’s show is sponsored by: Go to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠SHOPIFY.COM/beginners⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to start selling with Shopify today. Squeeze the most out of your Summer with Liquid I.V. Tear. Pour. Live More. Go to ⁠⁠⁠⁠⁠⁠⁠⁠⁠LIQUID-IV DOT COM⁠⁠⁠⁠⁠⁠⁠⁠⁠ and get 20% off your first order with code INVESTING at checkout. Leesa has a lineup of beautifully crafted mattresses tailored to how you sleep – without the luxury price tag. Go to ⁠⁠⁠⁠⁠⁠⁠Leesa.com⁠⁠⁠⁠⁠⁠⁠, promo code INVESTING for 25% off mattresses PLUS an extra $50 off. What do Dave and Andrew recommend? Our #1 recommended stock research platform is FinChat (now Fiscal.ai). Get 2 weeks access for free using our link (no card required): ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠fiscal.ai/ifb⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Have questions? Send them to Evan at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠evan@einvestingforbeginners.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ SUBSCRIBE TO THE SHOW ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Apple⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Spotify⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Amazon⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Tunein Learn more about your ad choices. Visit megaphone.fm/adchoices

Navigating the stock market can feel like deciphering a foreign language, but it doesn't have to. The Investing for Beginners Podcast-Your Path to Financial Freedom, hosted by Andrew Sather, Stephen Morris, and Evan Raidt, exists to translate that complexity into clear, actionable understanding. This isn't about get-rich-quick schemes; it's a practical guide built on foundational principles. Each episode breaks down how successful, long-term strategies actually work, focusing on core approaches like value investing and dividend growth investing. You'll also hear how elements of growth investing and trend following can fit into a thoughtful plan. The hosts delve into the psychological side of the market, discussing how to recognize and potentially benefit from the emotional swings that drive prices, rather than being driven by them. Tuning into this podcast provides a structured education in buying stocks with confidence, moving from uncertainty to a place where you can make your own informed decisions. It’s a steady resource for anyone building their financial literacy from the ground up, aiming to turn the intimidating world of investing into a manageable part of their journey toward greater independence.
Author: Language: English Episodes: 100

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The Investing for Beginners Podcast - Your Path to Financial Freedom
Podcast Episodes
AAR46 - Financial Half-Truths [not-audio_url] [/not-audio_url]

Duration: 49:35
In this episode, Evan dives deep into the realities of debt, including the emotional and financial impact of paying off a mortgage early. We challenge the age-old myth that "renting is throwing away money" and explore ho…
The Complexity Myth: Why Investing is Simpler Than You Think [not-audio_url] [/not-audio_url]

Duration: 44:26
In this episode, Andrew and Stephen step away from in-depth stock market analysis to tackle a more personal topic: how to talk to the people you love about investing. Stephen shares a personal story about his dad's journ…
A Contrarian Take on AI: Is It Time to Buy Software Stocks? [not-audio_url] [/not-audio_url]

Duration: 40:38
In this episode, Andrew tackles a listener's question about the recent brutal sell-off in the Software-as-a-Service (SaaS) sector and whether AI is coming to eat Adobe’s lunch. He dives into the real threats facing softw…
AAR45 - Is Dollar Cost Averaging Losing You Money? [not-audio_url] [/not-audio_url]

Duration: 42:54
In today’s episode, Evan (aka Aaron) Raidt and Andrew Sather tackle one of the most debated questions in the investing world: Should you drip your money into the market slowly or dump it all in at once? We break down the…
Part 2 Translating the Corporate "Suit": Your Guide to Q1 Earnings [not-audio_url] [/not-audio_url]

Duration: 46:33
In Part 2 of our deep dive into earnings calls, Stephen and Andrew translate the weird metaphors Wall Street loves to use. From "headwinds" to the confusing "puts and takes," they decode exactly what CEOs mean. Andrew ex…
Part 1 Translating the Corporate "Suit": Your Guide to Q1 Earnings [not-audio_url] [/not-audio_url]

Duration: 46:04
In this back-to-basics episode of the Investing for Beginners podcast, Stephen and Andrew tackle one of the most intimidating hurdles for new stock pickers: Earnings Calls. Wall Street loves to use complex acronyms to ma…
AAR44 - Taxes Nobody Warns You About [not-audio_url] [/not-audio_url]

Duration: 45:47
In this episode of At Any Rate, Evan and Andrew break down the hidden tax traps that can catch even the most responsible investors off guard. From the brutal reality of self-employment taxes on your side hustle to the su…
Dividends vs. Buybacks & The Great Tax Deferral Debate [not-audio_url] [/not-audio_url]

Duration: 40:19
In this episode of the Investing for Beginners podcast, Stephen and Andrew break down the ultimate capital allocation debate: Dividends versus Stock Buybacks. They discuss the mechanics of how retiring shares increases y…
Debunking Wall Street: Why Common Sense Hurts Your Portfolio [not-audio_url] [/not-audio_url]

Duration: 51:05
In this episode of the Investing for Beginners podcast, Stephen and Andrew take aim at "common sense" stock market advice that might actually be hurting your portfolio. The guys expose 10 sophisticated-sounding traps tha…

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