My Worst Investment Ever December 2024
Ep795: Craig Cecilio – From Trust to Turmoil: Lesson on Friendship and Business
BIO: Craig Cecilio is a visionary disruptor and CEO of DiversyFund, dedicated to democratizing wealth building. He has broken barriers in private markets, raising over $1 billion and offering investment opportunities once reserved for the elite.
STORY: Craig had a potential business partner introduced to him by a friend. The partner had a land deal and convinced Craig to invest $10,000. A couple of other people joined in and deposited about $250,000 into the land development deal in New Mexico. A week went by, and the investors got ghosted by the land deal owner.
LEARNING: Don’t mix friendship with business. Do your due diligence on all the parties involved in the transaction.
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Enrich Your Future 21: Think You Can Beat the Market? Think Again
In this episode of Enrich Your Future, Andrew and Larry Swedroe discuss Larry’s new book, Enrich Your Future: The Keys to Successful Investing. In this series, they discuss Chapter 21: You Can’t Handle the Truth.
LEARNING: Overconfidence leads to poor investment decisions. Measure your returns against benchmarks.
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Ep794: Michael Episcope – Investing Is About How You Behave and Not What You Know
BIO: Michael Episcope is the co-CEO of Origin Investments. He co-chairs its investment committee and oversees investor relations and capital raising.
STORY: Michael invested in a multi-family property in Austin with a friend who had vouched for somebody else. Unbeknownst to Michael, the guy in Austin had taken a loan against his property to save other properties in his portfolio.
LEARNING: Do not justify the red flags because an investment opportunity looks great. Investing is about how you behave and not what you know.
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DISCLAIMER: This content is for information purposes only. It is not intended to be investment advice. Readers should not consider statements made by the author(s) as formal recommendations and should consult their financial advisor before making any investment decisions. While the information provided is believed to be accurate, it may include errors or inaccuracies. The author(s) cannot be held liable for any actions taken as a result of reading this article.