{"podcast":{"title":"Money Lessons with Andrew Temte, PhD, CFA","slug":"money-lessons-with-andrew-temte-phd-cfa-6946211","podcast_index_feed_id":6946211,"rss_url":"https://feed.podbean.com/saturdaymorningmuse/feed.xml","website_url":"https://saturdaymorningmuse.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/18433088/Podcast_Artwork_ML9tsgd.jpg","author":"Andrew Temte","episode_count":154,"summary":"Tune in every Saturday Morning, for Andrew Temte’s insights into personal and professional continuous improvement with a focus on improving financial literacy and financial decision-making.","last_synced_at":"2026-09-19T16:21:32.767166+00:00","page_url":"https://stenobird.com/podcast/money-lessons-with-andrew-temte-phd-cfa-6946211"},"episode":{"title":"Preferred Stock Explained: The Hybrid Equity Security","slug":"preferred-stock-explained-the-hybrid-equity-security","published_at":"2026-04-25T10:00:00+00:00","page_url":"https://stenobird.com/podcast/money-lessons-with-andrew-temte-phd-cfa-6946211/preferred-stock-explained-the-hybrid-equity-security","show_page_url":"https://stenobird.com/podcast/money-lessons-with-andrew-temte-phd-cfa-6946211","url":"https://saturdaymorningmuse.podbean.com/e/preferred-stock-explained-the-hybrid-equity-security/","audio_url":"https://mcdn.podbean.com/mf/web/7jgaftpyp737rukg/ML_425266ljk3.mp3","summary":"In this episode of Money Lessons, Andy explores preferred stock — the hybrid security that sits between bonds and common stock in a company's capital structure. He traces its origins to the Railway Mania of 1840s Britain and the aftermath of the Panic of 1837 in America, where distressed railroads and canal companies invented a new class of shares to attract cautious investors. Andy explains how preferred stock borrows features from both debt and equity, defines the critical distinction between cumulative and non-cumulative preferred shares, and shows where preferred shareholders stand in the priority hierarchy alongside bondholders and common shareholders. AndrewTemte.com","meta_description":"In this episode of Money Lessons, Andy explores preferred stock — the hybrid security that sits between bonds and common stock in a company's capital stru…","key_points":[],"chapters":[],"topics":[],"duration_seconds":667,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/money-lessons-with-andrew-temte-phd-cfa-6946211/episodes/preferred-stock-explained-the-hybrid-equity-security/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/money-lessons-with-andrew-temte-phd-cfa-6946211/preferred-stock-explained-the-hybrid-equity-security.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}