In this episode, Shamus Madan interviews investor Andrew Sather. They discuss Sather's journey, the importance of market knowledge and diversification, and the impact of government spending on investments. They also delve into building a balanced portfolio, including the role of cryptocurrencies, and strategies for investing in volatile markets. The episode concludes with Buffett's investment tips. Topics Discussed: Value of Diversification Effect of Government Spending on the Market Thoughts on Meme Stocks - Comparison to Dot Com Bubble Key Takeaway: No matter the amount you invest, the lessons and what you learn remain the same. The difference is what you end up losing. #riskmanagement Disclaimer: The MBIT podcast is reflecting the opinion of only the host. The podcast is for informational purposes only. The podcast is not a research report and is not a recommendation to purchase or sell any stocks, holdings or securities. The podcast is also not meant to serve as the basis of any investment decision. (0:00) Introduction and Guest Andrew Sather's Investing Journey (3:32) Importance of Market Knowledge and Diversification (7:25) Impact of Government Spending and Interest Rates on Investments (11:33) Building a Balanced Portfolio & Role of Cryptocurrencies (15:04) Understanding Business Finance and Investing in Volatile Markets (17:54) Power of Diversified Portfolio, Compound Interest, and Investor Education (19:50) Conclusion: Warren Buffet's Investment Tips and Closing Remarks