My Worst Investment Ever February 2023
Ep652: Adam Rosen – Build to Sell From the Start
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 client wants to use forever.
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ISMS 6: UK Looks Most Interesting Among the Top 5 Stock Markets
What do you think: Which of the largest country’s stock markets is most attractive?
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Ep651: Terri Spath – Always Know When to Buy and When to Fold
BIO: Terri Spath is the founder and CIO of Zuma Wealth LLC and has earned top performance marks stewarding billions of dollars at large investment shops through the booms and busts of the past quarter-century.
STORY: At the height of the Dotcom boom, Terri bought—on behalf of clients—some terrific companies because she knew how to value, assess, and analyze them. But she kept holding onto the companies when the market tanked instead of selling.
LEARNING: Know when to buy and when to sell. Don’t get too attached to your favorite stocks.
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Ep650: Brett Martin – Fix Your Partnership or Quit It
BIO: Brett Martin is co-founder of Kumospace, the virtual HQ for remote teams, and Charge Ventures, a pre/seed VC based in Brooklyn, NY.
STORY: Brett started a company and got just 20% ownership; the rest went to investors who eventually walked away, leaving the business to crumble.
LEARNING: If you’re in a partnership that’s not working, you must push it to a conclusion. Complaining won’t resolve your problems. If you can, bootstrap your company instead of taking money from venture capitalists.
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Ep649: Damon Pistulka – Be Careful of Concentration Risk
BIO: Damon Pistulka earned a Mechanical Engineering degree in college, then worked in technical and managerial roles, including designing, building, and operating facilities.
STORY: Damon’s company focused on building a client’s business for sale. The client pulled out of a great offer at the last minute.
LEARNING: Always have a contract in place and ensure it has an exit clause that protects you. Diversify to avoid concentration risk.
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ISMS 5: How Rising Rates and Oil Prices Are Contributing to 6.4% Inflation in the US
What do you think: Are we headed for a recession or has the Fed engineered a soft landing?
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Ep648: Pia Singh – Mistakes Are Inevitable, So Be Prepared
BIO: Pia Singh is a Business Growth Strategist with 15+ years of experience in helping companies find ways to save on the bottom line and drive topline growth. She is a recognized Growth Strategist with excellent strategic planning capabilities.
STORY: Pia invested a substantial amount of her wedding money in a friend’s business. She lost everything she had invested and had to take a loan to pay for her wedding.
LEARNING: There are no shortcuts in investing; you must do your due diligence to succeed. Don’t make a rash investment decision without doing your research. Mistakes are inevitable, so be prepared.
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Ep647: Raghav Kapoor – Be on High Alert When You’re Doing Well
BIO: Raghav Kapoor is the CEO and Co-Founder of Smartkarma, an Asia-focused Investment Research Network that serves global institutional investors, corporates, and private wealth.
STORY: Raghav invested 2% of his portfolio in a biotech company in the US simply because it was run by people he believed had a good reputation. He ended up losing 98% of his investment.
LEARNING: Invest within your area of competence or expertise. Capital preservation and compounding are essential. Great people get it wrong too.
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ISMS 4: Bond Yields Are Showing the Fed Has Won Its Battle Against Inflation
Unlike EMs, DMs benefited from nearly free money.
The market believes US ST rates rise has quelled inflation.
What do you think: Has the Fed succeeded at quelling inflation or not?
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Ep646: Praveen Kumar Rajbhar – Don’t Fall in Love with Your Own Ideas
BIO: Praveen Kumar Rajbhar is an entrepreneur, founder, and CEO SkillingYou, an employability Skills Focused EdTech startup in rural India.
STORY: When Praveen started his first startup, he spent money to hire many people, buy a lot of gadgets, and rent a huge office space. The business collapsed in less than two years.
LEARNING: Get the right mentor to guide you on how to make your startup a success. You don’t need a big team to be successful. Get on-time and accurate financial statements every month.
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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.