{"podcast":{"title":"The Investing for Beginners Podcast - Your Path to Financial Freedom","slug":"the-investing-for-beginners-podcast-your-path-to-financial-freedom-4121942","podcast_index_feed_id":4121942,"rss_url":"https://feeds.megaphone.fm/ADV4246219991","website_url":"https://einvestingforbeginners.com/the-investing-for-beginners-podcast-episode-list/","image_url":"https://megaphone.imgix.net/podcasts/4cf9da14-b9a6-11eb-8d60-1bbdc6b0376f/image/ab04607ac4382afe1a695941b336da7e.png?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress","author":"Andrew Sather","episode_count":727,"summary":"Learn how to master the stock market without the hype or the headache. This podcast breaks down complex investing into simple, \"chill\" strategies you can actually use. From comparing giant rivals like Coke vs. Pepsi to spotting red flags in \"Superstar CEOs,\" we show you how to look at the numbers and ignore the noise. Whether you are just starting out, moving away from debt, or looking for a steadier way to build wealth, we provide the clear, jargon-free guidance you need to grow your portfolio with confidence. Stop chasing \"get-rich-quick\" schemes and start building your path to financial freedom, one episode at a time.","last_synced_at":"2026-06-25T14:22:26.149759+00:00","page_url":"https://stenobird.com/podcast/the-investing-for-beginners-podcast-your-path-to-financial-freedom-4121942"},"episode":{"title":"Live Research: On Holding (ONON) — Great Growth, Big Questions","slug":"live-research-on-holding-onon-great-growth-big-questions","published_at":"2026-05-28T04:00:00+00:00","page_url":"https://stenobird.com/podcast/the-investing-for-beginners-podcast-your-path-to-financial-freedom-4121942/live-research-on-holding-onon-great-growth-big-questions","show_page_url":"https://stenobird.com/podcast/the-investing-for-beginners-podcast-your-path-to-financial-freedom-4121942","url":"https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/pscrb.fm/rss/p/tracking.swap.fm/track/6bpBPtHL977KJxLX2zPs/traffic.megaphone.fm/GLSS4472363253.mp3?updated=1733520842","audio_url":"https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/pscrb.fm/rss/p/tracking.swap.fm/track/6bpBPtHL977KJxLX2zPs/traffic.megaphone.fm/GLSS4472363253.mp3?updated=1733520842","summary":"In today’s episode, Andrew and Stephen try something new: researching a company live, on-air, in real time. The company is On Holding (ONON)—a premium Swiss running and lifestyle shoe brand both hosts personally like, but don’t fully understand from an investor’s perspective. They walk through how they’d approach a high-growth stock when they’re still building conviction, using On as the case study. Along the way, they dig into On’s rapid revenue growth, valuation, and the big questions that matter most: pricing power, competitive advantage, and whether the brand’s “premium/bougie” positioning is durable. They also explore On’s “LightSpray” manufacturing tech, its shift toward direct-to-consumer (DTC) sales, retail expansion (especially in China), and the risks that come with concentration in footwear and a complex global supply chain. What You Will Learn How to research a company when you’re outside your circle of competence Why fast growth doesn’t automatically mean a great investment\\ What to look for when evaluating pricing power and a real moat in a competitive category The upside and risk of shifting from wholesale to DTC, especially with customer concentration Why “cool story” innovations still need numbers & proof to build conviction Timestamps 00:00 — Researching a company live (On Holding) 00:31 — On is Swiss: 20-F vs 10-K 01:22 — Product experience: comfort, durability, “dad shoe” energy 05:46 — The bull case: insane revenue growth vs flat stock + valuation tension (PE vs forward PE) 08:55 — The big question: how big can On really get vs saturation & TAM thinking 10:43 — Competition & pricing power: premium positioning doesn’t automatically equal moat 11:18 — “LightSpray” tech: robotic spray manufacturing 21:22 — Ownership/voting control + dilution & why cap…","meta_description":"In today’s episode, Andrew and Stephen try something new: researching a company live, on-air, in real time. The company is On Holding (ONON)—a premium Swi…","key_points":[],"chapters":[],"topics":[],"duration_seconds":3346,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-investing-for-beginners-podcast-your-path-to-financial-freedom-4121942/episodes/live-research-on-holding-onon-great-growth-big-questions/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-investing-for-beginners-podcast-your-path-to-financial-freedom-4121942/live-research-on-holding-onon-great-growth-big-questions.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}