On today’s episode, Clay Finck is joined by Daniel Pronk and Jake Ruth to share the fundamentals of stock investing. They dive into everything they wish they knew as a beginner, the books they would read, and the biggest mistakes they would have tried to avoid.Daniel Pronk and Jake Ruth are the founders of Stock Unlock, which is helping transform everyday people into successful investors. Daniel is also popular on YouTube, as he has over 200k subscribers on his channel. Daniel and Jake are the perfect guests for the show to help make stock investing much more approachable and easy to understand.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro.02:24 - How Daniel and Jake first got into stock investing.05:39 - The key lessons they would teach their younger selves.08:57 - Why compounding is so critical to understand as investors.16:25 - Why the best investors aren’t those with the highest IQ but those with the best temperament.26:24 - Why growth isn’t always good for a business.33:14 - Why most investors should stick to only investing in profitable companies.36:33 - The most common mistakes newer investors make.36:37 - Daniel’s three criteria for investing in a business.49:31 - Why we should be wary of companies with high dividend yields.56:23 - How the listeners should know when they are ready to start investing.63:58 - Why most companies are doomed to have their moat disrupted.65:27 - What led Daniel and Jake to start Stock Unlock.01:13:50 - Unique tools that Stock Unlock provides.01:14:28 - What books Daniel & Jake would give to their 18-year-old selves.&nbsp;Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES<ul><li>Check out our newly released<a href="https://theinvestorspodcast.com/mastermind" rel="noopener noreferrer" target="_blank">&nbsp;TIP Mastermind Community</a>.</li><li>Get 30% off Stock Unlock for 12 months with code WSB <a href="https://stockunlock.com/" rel="noopener noreferrer" target="_blank">here</a>.</li><li>Stock Unlock’s <a href="https://www.youtube.com/@StockUnlock" rel="noopener noreferrer" target="_blank">YouTube channel</a>.</li><li>Daniel Pronk’s <a href="https://www.youtube.com/@DanielPronk" rel="noopener noreferrer" target="_blank">YouTube</a>.</li><li>Tune into our previous episode: <a href="https://link.chtbl.com/WSB577" rel="noopener noreferrer" target="_blank">WSB577: Valuation Masterclass w/ Aswath Damodaran</a>&nbsp;or watch the&nbsp;<a href="https://www.theinvestorspodcast.com/episodes/valuation-masterclass-w-aswath-damodaran/" rel="noopener noreferrer" target="_blank">video</a>.</li><li>Follow Clay on <a href="https://twitter.com/Clay_Finck" rel="noopener noreferrer" target="_blank">Twitter</a>.</li><li>Follow Jake on <a href="https://twitter.com/JakeMRuth" rel="noopener noreferrer" target="_blank">Twitter.</a></li><li>Follow Daniel on <a href="https://twitter.com/PronkDaniel?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" rel="noopener noreferrer" target="_blank">Twitter</a>.</li></ul>NEW TO THE SHOW?<ul><li>Check out our&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/" rel="noopener noreferrer" target="_blank">We Study Billionaires Starter Packs</a>.</li><li>Browse through all our episodes (complete with transcripts)&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires/" rel="noopener noreferrer" target="_blank">here</a>.</li><li>Try our tool for picking stock winners and managing our portfolios:&nbsp;<a href="https://www.theinvestorspodcast.com/tip-finance/" rel="noopener noreferrer" target="_blank">TIP Finance Tool</a>.</li><li>Enjoy exclusive perks from our&nbsp;<a href="https://www.theinvestorspodcast.com/affiliates/" rel="noopener noreferrer" target="_blank">favorite Apps and Services</a>.</li><li>Stay up-to-date on financial markets and investing strategies through our daily newsletter,<a href="https://www.theinvestorspodcast.com/newsletters/" rel="noopener noreferrer" target="_blank">&nbsp;We Study Markets.</a></li><li>Learn how to better start, manage, and grow your business with the&nbsp;<a href="https://www.theinvestorspodcast.com/podcasts/20-best-business-podcasts/" rel="noopener noreferrer" target="_blank">best business podcasts</a>.</li></ul>P.S The Investor’s Podcast Network is excited to launch a&nbsp;<a href="https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ" rel="noopener noreferrer" target="_blank">subreddit</a>&nbsp;devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit&nbsp;<a href="https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ" rel="noopener noreferrer" target="_blank">r/TheInvestorsPodcast</a>&nbsp;today!SPONSORS<ul><li>Invest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with&nbsp;<a href="http://river.com/fundamentals" rel="noopener noreferrer" target="_blank">River</a>.</li><li>Learn how&nbsp;<a href="https://principal.com/benefits" rel="noopener noreferrer" target="_blank">Principal Financial&nbsp;</a>can help you find the right benefits and retirement plan for your team today.</li><li>Reach the world’s largest audience with&nbsp;<a href="https://linkedin.com/results" rel="noopener noreferrer" target="_blank">Linkedin</a>, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!</li><li>Invest in some of the top private, pre-IPO companies in the world with&nbsp;<a href="https://fundrise.com/tip" rel="noopener noreferrer" target="_blank">Fundrise</a>.</li><li>Take ownership of your Bitcoin with&nbsp;<a href="https://foundationdevices.com/?mtm_campaign=theinvestorspodcast" rel="noopener noreferrer" target="_blank">Foundation.</a>&nbsp;Attain self-custody with Passport hardware wallet.</li><li>Send, spend, and receive money around the world easily with&nbsp;<a href="https://wise.com/tip" rel="noopener noreferrer" target="_blank">Wise</a>.</li><li>Experience real language learning for real conversations with&nbsp;<a href="https://babbel.com/wsb" rel="noopener noreferrer" target="_blank">Babbel</a>. Get 55% off your Babbel subscription today.</li><li>Beat FOMO and move faster than the market with&nbsp;<a href="https://alpha-sense.com/fs" rel="noopener noreferrer" target="_blank">AlphaSense</a>.</li><li>Choose&nbsp;<a href="https://buyatoyota.com/" rel="noopener noreferrer" target="_blank">Toyota</a>&nbsp;for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.</li><li>Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a&nbsp;<a href="https://td.com/doyousmallbusiness" rel="noopener noreferrer" target="_blank">TD Small Business Specialist</a>&nbsp;today.</li><li>Start, run, and grow your business without the struggle. Be in control of every sales channel with&nbsp;<a href="https://shopify.com/wsb" rel="noopener noreferrer" target="_blank">Shopify</a>. Sign up for a $1 per month trial period today.</li><li>Get a customized solution for all of your KPIs in one efficient system with one source of truth. 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