My Worst Investment Ever Podcast

World - End of DM ST rate rise, inverted yield curves remain, high rates in EM Level – High ST global and EM rates, yield curve inversion World ST rates at 5.3%, DM 3.6%, EM 7.7% World 1yr rates at 4.4%, DM 3.4%, EM 5.8% World 10yr rates at 4.1%, DM 3.0%, EM 5.6% YoY rise – ST rates up massively YoY, small increase in LT rates World 3m yield was up 3.2ppts, DM up 3.5ppts, EM up 2.6ppts World 1yr y...

BIO: Peter Ricchiuti is a graduate of Babson College and began his career with the investment firm Kidder Peabody in Boston. He later managed Louisiana’s $3 billion investment portfolio while serving as the assistant state treasurer. STORY: Peter made the mistake of falling in love with a particular stock and hyped it to his clients. The company had no moat and couldn’t stand the competition. Pete...

BIO: Jason Hsu is the founder, chairman, and CIO of Rayliant Global Advisors (RGA), a global investment management group with over US$15+ billion in assets managed using its strategies as of June 30, 2022. STORY: Jason bet against the GameStop short squeeze and learned that John Maynard Keyens’ saying that “markets can remain irrational longer than you can remain solvent” still holds true. LEARNIN...

BIO: Shreekkanth (“Shree”) Viswanathan is the founder and portfolio manager of SVN Capital, a Chicago-based, concentrated, long-only, global equity-focused fund. STORY: Shree’s biggest mistake is an error of omission. That is, after studying a particular business, he decided not to invest in it for various reasons. The stock turned out to be a multi-bagger a couple of years later. LEARNING: The qu...

BIO: Jeremy Kokemor founded Right Tail Capital: a concentrated, fundamental equity investment firm based in Richmond, Virginia. STORY: Jeremy was an intern in an investment management firm where he got to cover small-cap metal miners. He was new to this industry and made several mistakes. LEARNING: Figure out your investment style. Be careful of overconfidence and overestimation bias when looking...

BIO: Paul Hodges is a trusted adviser to major companies and the investment community and has a proven track record of accurately identifying key trends in global marketplaces. He is chairman of New Normal Consulting and a Global Expert with the World Economic Forum. STORY: Paul invested in a company in the cinema industry, which according to his research, was a well-performing business. After inv...

BIO: The founder of FI Freedom Retreats, Amy Minkley’s, life changed when she discovered the Financial Independence movement in 2019. STORY: Amy was working in Bangkok, living an unhappy life of overworking and over-saving. This way of life gave her zero balance, and she was burning out. Ultimately, this led her to a new path that saw her quit her job in search of a more balanced life. LEARNING: B...

BIO: Ben Claremon joined Cove Street in 2011 and has been a Co-Portfolio Manager for the Classic Value | Small Cap PLUS strategy since its inception in 2016. STORY: Benjamin has made the biggest mistakes and lost the most money by buying cheap companies that get less valuable over time. LEARNING: Know what kind of investor you are and let your portfolio reflects that. Just because it’s cheap doesn...

BIO: Edward McQuarrie is Professor Emeritus at Santa Clara University. He writes on market history and personal finance, and his research has been mentioned in columns in the Wall Street Journal, Marketwatch, and Barron’s. STORY: Edward opened an account to trade naked puts. When the financial crisis of 2008 hit, he thought it was a good time to sell his puts. He ended up losing almost all the mon...

Is global CPI going to follow the US CPI slowdown? Global Markets Global CPI has leveled off and is slowing in DMs, but still rising in EMs Economies across the world have GDP of about US$90trn and an average CPI rate of 7.4% The developed world has GDP of US$52trn and CPI of 6.9% And the emerging world has GDP of US$38trn and a higher 8.2% CPI rate World Jan. 2023 CPI was 7.4%, up 2.1ppts YoY; Mo...

Did the Fed finally break something with its aggressive rate rises? I’ve been repeating in my investment strategy that the Fed will eventually break something, and yes, they did. They did. Was the collapse of the Silicon Valley Bank the beginning of the 2023 US banking crisis? Has quantitative tightening ended? Are we in quantitative easing? Could this spread throughout the US? Or the global banki...

Is US CPI going up or down by yearend 2023? Feb 2023 US CPI was 6%, down from 6.4% in Jan and off its June 2022 peak 9.1% Food accounts for 13.5% of CPI and was a high 9.5% in February Food has come off its Aug 2022 11.4% peak Energy accounts for 7.1% of US CPI and was up only 5.2% Energy has come down considerably from its 41.6% June 2022 peak When oil price rises, it causes a similar, but muted...

BIO: Michelle Leder has probably read more SEC filings than just about anyone else on the planet since writing her book, Financial Fineprint: Uncovering a Company’s True Value , and starting her website, footnoted.com nearly 20 years ago. STORY: Michelle invested in a company without going through important SEC reports. LEARNING: Dig deep into the company’s 10-K annual report before investing. Loo...

BIO: Dave Collum is a professor of Organic Chemistry at Cornell University who developed an interest in markets, which, in turn, led to an interest in geopolitics. STORY: Dave talks about his 2022 Year in Review: All Roads Lead to Ukraine. LEARNING: Never trust politicians and bureaucrats.   “The more the fact-checkers, the more likely the thing they’re checking is true.” Dave Collum   G...

The Silicon Valley Bank crisis started when the US government shut down its economy The Silicon Valley Bank crisis started when the US government shut down the economy from 2020 to 2021. Let’s take a step back to January 29th, 2020, when President Donald Trump announced a White House Coronavirus Response task force with the director of the National Institute of Allergy and Infectious Diseases, Ant...

BIO: Bill Blain is a well-known financier and commentator on financial markets, contributor, and editor of the Morning Porridge. STORY: Bill loves airships, and many of his investment mistakes involve airships. LEARNING: Ignore the worst and the best estimates and focus on the middle consensus. In a difficult market, a bid is a bid, and you’ve got to sell fast.   “The market has one objective...

BIO: Jeroen Blokland is a long-term multi-asset investor with a long-term track record in financial markets. Jeroen worked at Robeco, the largest independent asset manager in The Netherlands, for almost 20 years before launching his independent investment research company, True Insights. STORY: Jeroen’s first investment was in a Dutch company selling PCs. He barely did any research or due diligenc...

In this episode of Investment Strategy Made Simple (ISMS), Andrew and Larry discuss a chapter of Larry’s book Investment Mistakes Even Smart Investors Make and How to Avoid Them . In this first series of many, they talk about mistake number one: Are you overconfident in your skills? LEARNING: Don’t be overconfident. Look for value-added information when researching an investment.   “When you...

BIO: Brian Feroldi is a financial educator, YouTuber, and author. His career mission statement is “to demystify finance.” STORY: Brian invested in an oil pipeline company with take-or-pay contracts. This meant that the company would get paid either way if the price of oil or natural gas went up or down. Prices went down and despite the contract, the pipeline’s stock went down because its customers...

BIO: Matt LeBris is a born and raised NY’er who inevitably caught the hustler’s spirit that fills his hometown streets. STORY: Matt got an opportunity to be part of a successful business venture in his early 20s. He was making good money and living a good life. Unfortunately, the business went down, and he took an unpaid internship with Daymond John of Shark Tank. Matt’s biggest mistake was to con...

BIO: Pim van Vliet is Head of Conservative Equities and Chief Quant Strategist at Robeco. He is responsible for a wide range of global, regional, and sustainable low-volatility strategies. STORY: Pim wanted to make more money investing, so he decided to go all in on a cheap stock. He believed the price would eventually go up as it had done a few years back. Unfortunately, the company went bankrupt...

In this presentation, I will introduce you to our MSCI Sectors and their attractiveness Click here to get the PDF with all charts and graphs What do you think: Which of the global sectors is most attractive? We use GICS sector classification GICS The Global Industry Classification Standard (GICS®) is an industry classification system developed by Standard & Poor’s Financial Services LLC (S&amp...

BIO: Logan Nathan is the founder and CEO at i4T Global. He’s a digital transformation specialist, a serial startup entrepreneur, a board director and advisor, and an angel investor. STORY: Logan offers time-tested advice on how to launch a successful software product. LEARNING: Focus on customer experience and satisfaction to win confidence.   “The culture within you as a supplier is vital in...

BIO: Louis-Vincent Gave is the Chief Executive Officer of Gavekal, a Hong Kong-based company he co-founded over 20 years ago with his father, Charles, and Anatole Kaletsky. STORY: Louis’s father invested one million dollars in a portfolio of 10 Asian companies. Louis was managing this portfolio, whose size was disproportionate to his earnings. He was earning $50,000 annually at the time and had ne...

BIO: Adam Rosen is an entrepreneur who loves to support business owners and share his rollercoaster startup journey to help those on a similar path. STORY: As soon as Adam was done with college, he co-founded a business. He gave his all to the business for four years and enjoyed little success. LEARNING: Get to product market fit as quickly as possible. Focus on delivering something that the clien...