Five Steps to Reduce Risk: The Audio Course
Five Steps to Reduce Risk is a five-part audio masterclass by Andrew Stotz, PhD, CFA, aimed at helping investors make more disciplined decisions. It walks through practical steps such as separating desired returns from the risk being taken, considering what a loss would mean, and planning an exit before committing money. The course also examines oversight and accountability, along with the blind spots, social pressure, and artificial deadlines that can cloud judgment. Its goal is to help listeners spot warning signs earlier and ask better questions before making an investment.
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Five Steps to Reduce Risk: The Audio Course
You can work hard, do serious research, invest in a "great" deal, and still lose everything.In this opening lesson, twice-voted #1 financial analyst Andrew Stotz, PhD, CFA, reveals the hard lesson learned from interviewing 600+ investors about their worst financial mistakes: Intelligence alone will not protect your wealth.Reducing risk isn't about finding a magic trick to be right 100% of the time
1. Research Risk Separately From Return
The moment you get excited about an investment, your brain stops asking if it's a good idea and starts actively collecting reasons why it is.In this lesson, twice-voted #1 financial analyst Andrew Stotz, PhD, CFA, reveals why even seasoned economists and smart professionals fall victim to convincing bull cases while completely ignoring looming dangers.Reducing risk isn't about finding a magic tric
2. Survive a Total Loss
If losing a single investment forces you to change your lifestyle, delay retirement, or lose sleep, you have taken on a dangerous kind of risk.In this lesson, twice-voted #1 financial analyst Andrew Stotz, PhD, CFA, breaks down how an expert investment banker watched 70% of his net worth vanish into a failing major bank because he kept buying more as it fell.Reducing risk isn't about finding a mag
3. Know Who Might Buy Next
You can buy an asset in ten minutes, but spend years trying to sell it—or discover there is literally no one on the other side to buy.In this lesson, twice-voted #1 financial analyst Andrew Stotz, PhD, CFA, reveals how a seasoned banker bought luxury overseas property based on hype, only to realize years later that the units were entirely vacant with zero market demand.Reducing risk isn't about fi
4. Maintain Oversight and Control
Trusting someone who handles your money is not a control mechanism; when a relationship breaks down, your protections must still hold up.In this lesson, twice-voted #1 financial analyst Andrew Stotz, PhD, CFA, reveals how a successful speaker and author trusted her accountant for years, only to discover blank signed checks led to massive forgery and a total account wipeout.Reducing risk isn't abou
5. Recognize When You Are Vulnerable
Knowing the rules doesn't stop you from breaking them when internal psychological pressures hijack your judgment.In this lesson, twice-voted #1 financial analyst Andrew Stotz, PhD, CFA, reveals how brilliant economic experts and entrepreneurs ignored glaring red flags because of friendship urgency, ego, or recent financial success.Reducing risk isn't about finding a magic trick to be right 100% of
Complete These Five Steps Before Putting Any Money on the Line
Theory fades fast under pressure; if you evaluate your next deal without a physical tool in front of you, old emotional habits will instantly take over.In this lesson, twice-voted #1 financial analyst Andrew Stotz, PhD, CFA, puts you directly inside a real-world, high-stakes real estate flip gone wrong to test how the 5-step framework protects you in real time.Reducing risk isn't about finding a m
