Best of 2020 Podcast Episodes Roundup

“Hello, fellow risk-takers, and welcome to My Worst Investment Ever,” that’s how I start every one of the 300+ My Worst Investment Ever Podcast episodes I have recorded. Below are some of the highlights from the 170 people I interviewed in 2020.

One of the things that makes the investors, businessmen and women, and experts who come on the show extraordinary is their willingness to share their worst investment with the world. Most people I ask to go on the show say, “No, thank you.”

The good news for you is that you don’t have to experience their loss. Listen and absorb the lessons they teach. Whether you’re an experienced investor or just starting your investment journey, these podcasts can give you a different investment perspective and expand your knowledge.

To get straight to the lessons, just click here and download my one-page cheat sheet.

Ep250: Stephen Kalayjian – The Key to Success in Trading Is to Have Discipline

Stephen Kalayjian is a Chief Market Strategist and co-founder of Ticker Tocker. He has decades of experience trading stocks, futures, currencies and has traded nearly 2 billion shares.

Steve shared how, in his youth, he used his hard-earned money to buy 550 calls and assumed that stocks only went higher (they don’t).

Key takeaways

• Discipline is the key to success
• It’s better to admit you are wrong; than to lose all your money
• Know when to continue or quit a specific investment

Ep248: Karen Foo – Risk Management Is the Key to Success in Forex

Karen Foo is a motivational speaker, financial trainer, and author. She has ranked #1 in a Singapore nationwide Forex trading competition. You can find her on her YouTube channel.

Karen shared how she lost her savings when she invested in forex and unit trusts without guidance and research.

Key takeaways

• Risk management is the key to long-term success
• Seek out mentors who are experts in what you want to learn
• Write out your investment plan before investing
• Do your research, ask more questions than you answer

Ep279: James Jani – You May Gain the Right Skills From the Wrong Path

James Jani is a YouTube Expert and Vlogger, who creates thought-provoking documentaries on YouTube about Business, Money, and Life.

James shared his story of investing years of his life into acting without success, only to realize later acting wasn’t what he wanted to do for the rest of his life.

Key takeaways

• Be brave to follow your purpose in life, no matter what.
• The skills you gain from every experience combine to help you create value in the future.

Ep249: Chris Mayer – Build a List of 5 Quality Companies and Enter at the Next Market Fall

Chris Mayer is the co-founder and portfolio manager of the Woodlock House Family Capital fund. He has authored four books, including 100 Baggers: Stocks that Return 100-to-1 and How to Find Them, ranked 4.6 out of 5 on Amazon with 290 reviews. You can follow him on Twitter.

Chris’s worst investment story happened when he bought cheap companies while disregarding what those businesses could offer in the long-term.

Key takeaways

• Buy the best companies, even if they are expensive
• Build your stock buy list and wait for significant market falls to buy them
• Consider the long-term returns instead of being seduced by today’s cheap stocks

Ep192: Sampath Mallidi – Your Startup Should Always Have Paying Customers

Sampath Mallidi is the Founder and CEO of Intandemly, an account-based sales platform that helps organizations simplify their sales pipeline.

Sampath shared that he and his then-boss spent all their money, shifting their company’s strategy because they anticipated funding. The money never came.

Key takeaways

• A deal is never done until the money is in the bank
• Cash flow, not cash, is King
• Don’t let failure get to you. Bounce back fast, and figure out how to move forward.

Ep232: Ranveer Brar – Deepen Your Relationship with What You Love and Be a Good Businessman

Ranveer Brar is one of India’s top chefs, a celebrity, a Masterchef India judge, author, restaurateur, food film producer, and benefactor. He shares his passion for food on his website and his excellent YouTube channel. Follow him on Facebook, Twitter, and Instagram.

Ranveer shared how he left his executive chef position in India to join a restaurant startup in the US. His big mistake was going with the flow of other people’s plans.

Key takeaways

• Don’t do something just because it worked for others; find what works for you
• Balance your passion with the need to create a profitable business model
• Deal with problems head-on rather than denying and avoiding them

Ep235: Rand Fishkin – Don’t Be Afraid to Stand up Against the Growth-at-All-Cost Venture Capital Model

Rand Fishkin is CEO & co-founder of SparkToro, and author of Lost and Founder: A Painfully Honest Field Guide to the Startup World. The book has an impressive 4.7 out of 5 Amazon rating; I enjoyed how Rand personally narrated the book’s Audible format. He previously co-founded and ran the SEO optimization company, Moz.

Rand’s worst investment was when he received venture capital for Moz and focused on expanding its other marketing services while stopping what was working for the company.

Key takeaways

• Find your niche and focus on it, do not get distracted
• Structure and incentives matter more than almost everything else when it comes to business success
• Just because investors want growth at all costs doesn’t mean it’s the right path
• Listen to different opinions but do what’s right for you

Ep255: Morgan Housel – A Successful Value Investor Focuses on Why a Stock Is Cheap

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