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Investing for Beginners Podcast led by Andrew Sather and Dave Ahern.

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All right, folks, welcome to Investing for Beginners Podcast. Today we're going to go back to the basics.

We're going to talk about range of outcomes.

So every Thursday we do a back to the basics episode and we talk about some

foundational aspect of investing to help you build on the fundamentals so you can

become a better investor.

Today's topic is ranges of outcome and I'm going to turn it over to say Andrew and he can help us define

that and then we can go ahead and chat a little bit.

So Andrew, when we think about ranges of outcomes or range of outcomes,

what does that mean to you?

I think this is something that's really good for beginners to wrap their head around.

I wish somebody grabbed me and told me these

things when I first started, but you really have very high risk, high reward stocks

and companies and much lower risk lower reward companies and a lot of it has to do with how far down a company life cycle a company is or an industry is.

So a lot of times in the earlier high growth phases,

you do have a higher chance of return, but there's also a lot more risk in the sense that

there's more failures you know five most exciting businesses in an industry that

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