The Most Overlooked Skill in Investing

The team tackles one of the most important topics in investing: risk management. They break down how to protect your portfolio with tools like stop losses and protective puts, emphasizing that managing risk isn't about avoiding loss—it's about surviving and thriving long term. Andy uses the Titanic analogy to illustrate why investors need exit strategies before disaster strikes and shares how Mark Cuban used protective puts during the dot-com era to safeguard his wealth. The team explains the difference between trading and investing, the power of position sizing, and why financial education is the ultimate form of protection. What You'll Learn in This Episode: - Why risk management is the most critical pillar of investing - The difference between stop losses and protective puts—and when to use each - How Mark Cuban used protective puts to protect his fortune during the dot-com crash - Why exit strategies are like lifeboats for your portfolio - How Prospect Theory explains emotional decision-making in losing trades - Why serious investors prioritize education, not luck, to manage risk Want to Learn More? Visit YourInvestingClass.com for free investing resources and a step-by-step plan to help you build real financial confidence.