Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    My Worst Investment Ever
    My Worst Investment Ever
    My Worst Investment Ever
    Ebook45 pages14 minutes

    My Worst Investment Ever

    By Andrew Stotz

    ()

    Read preview

    About this ebook

    “Only a fool learns from his own mistakes. The wise man learns from the mistakes of others.”
    – Otto von Bismarck

    This short book started when I asked a few friends what their worst investment was. What I did not expect was that each of them had such a vivid story to tell. Heck, even my 79-year-old mom responded with a very specific story.

    The truth is that in the world of finance we are always talking about our winners, about the story of our returns. But, we so rarely talk about failures. This is a book about investing failures. You may relate to one of these stories, or have lived one of them, but most importantly, I want you to learn from them.

    LanguageEnglish
    PublisherAndrew Stotz
    Release dateApr 19, 2018
    ISBN9781370571758
    My Worst Investment Ever
    Author

    Andrew Stotz

    Andrew Stotz, PhD, CFA is the CEO of A. Stotz Investment Research, a company that provides institutional and high net worth investors with ready-to-invest stock portfolios that aim to beat the benchmark through superior stock selection. Andrew has a highly contagious enthusiasm for all facets of life. He has lived in Thailand since 1992 and has been a university lecturer and equity analyst since 1993. He is also an author, yoga student and wellness aficionado. He graduated with a Bachelor of Science degree in finance and an MBA from California State University. Andrew earned his PhD in finance at the University of Science and Technology of China in Anhui province, with a focus on answering questions raised by fund managers and analysts during his career about picking stocks and managing portfolios. During the two decades as a financial analyst, Andrew has written thousands of pages of equity strategy and company research. In fact, in his last year working as Strategist, Managing Director – International Business at Maybank Kim Eng, he published 850 pages of research. His final eight years in the business was spent as a head of research and strategist, managing research teams and writing regular strategy reports. Andrew has been a lecturer in finance for 25 years at various universities in Thailand and is currently a research faculty and a member of the international advisory board at Thammasat Business School and an adjunct professor at the University of Science and Technology of China. He has also served two terms as president of the CFA Society of Thailand. Prior to his time at Maybank Kim Eng, Andrew was the head of research at CLSA Thailand, was voted No. 1 Analyst in Thailand in the Asiamoney Brokers Polls two years in a row. He was also voted No. 1 Analyst in Thailand Institutional Investor Magazine All-Asia Research Team Report. While head of research at CLSA Thailand, his team was voted No. 1 in both above surveys. Over his career Andrew was also head of research at Citigroup Securities (Thailand) and prior to that he was head of research at TMB Macquarie Securities (Formerly ING). The first decade of his career was spent as an equity analyst, with a particular focus on the valuation of banks. Entrepreneur and angel investor are two other titles applicable to Andrew. He co-founded CoffeeWORKS Co. Ltd., a leading Thailand specialty coffee roaster, in 1995, and remains a major shareholder and its finance director. Andrew has authored a book that explains Dr. W. Edwards Deming’s 14 points for Management, called Transform Your Business with Dr. Deming’s 14 Points and the book How to Start Building Your Wealth Investing in the Stock Market. Finally, Andrew teaches seminars in eight different areas of focus: How to Value any Company in the World, Quantamental Investing Across the World, How to Make Your Company Financially World Class, Become a Great Presenter and Increase Your Influence, Plan Your Work, Work Your Plan, How to Start Building Your Wealth Investing in the Stock Market, Transform Your Business with Dr. Deming’s 14 Points, and 10 Ways Ethics adds Value to You.

    Related to My Worst Investment Ever

    Related ebooks

    Investments & Securities For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Are You Gambling or Investing? Here’s How to Tell

      Mar 2, 2021

      Investing in the stock market over many decades offers most people an incredible opportunity to build wealth. Does that surprise you? If so, you’re not alone. Over the course of my career as a financial planner, I’ve found that many people look at th

      4 min read

    • Article

      The 11 Reits In My Portfolio

      Aug 13, 2021

      I take the view that fears about the future of offices and retail are overdone – people will work from home more and many weak retail companies will go bust, but good-quality space will still remain in demand. Rents may drop in some cases, but Reit s

      2 min read

    • Article

      Allocating And Maintaining Your Investment Capital

      Dec 18, 2020

      the key feature of a long-term portfolio is which assets you hold in it. But there are other considerations that you must also stay on top of. Firstly, how do you split the portfolio between passively and actively managed assets? I always advocate th

      2 min read

    • Article

      What They Really Mean

      Mar 31, 2021

      What They Really Mean
      4 min read

    • Article

      The Fisher Doctrine

      Feb 20, 2018

      The Fisher Doctrine
      5 min read

    • Article

      Stock Market Today: Tech Rallies, Nasdaq Just Shy of New Highs

      Jun 17, 2021

      The Nasdaq Composite pressed higher Thursday, to within just a few points of a fresh closing record, flipping the script on how the technology-heavy index has acted for much of 2021. The Federal Reserve yesterday revealed higher expectations for infl

      2 min read

    • Article

      Desperate To Go Caravanning

      Jun 30, 2021

      Q I am a 62-year-old single woman and was forced to leave my job in 2017 after serious, chronic bullying. I was a clinical nurse specialist in palliative care. I was not in a very good place or head space in 2017, and lived off my income protection a

      2 min read

    • Article

      For $250, It's Yours

      Apr 5, 2023

      For $250, It's Yours
      4 min read

    • Article

      Be A Polite And Patient Investor - It Will Pay Off

      Jul 28, 2021

      It has always irked me that books with titles like How to make a million dollars in the stockmarket and Ten things you must know about the stockmarket probably sell more copies than my book. It’s my own fault, Stock Market Secrets by Marcus Padley is

      4 min read

    • Article

      The Crash And After

      Apr 16, 2020

      The Crash And After
      6 min read

    • Article

      The Price of Time: The Real Story of Interest

      Jun 29, 2022

      Allen Lane £25 For those who work in finance or markets, the most important price – the biggest number of all – is the interest rate the United States Federal Government pays to borrow. Currently about 3 per cent, it was depressed to a record low dur

      3 min read

    • Article

      Fixed Income Looks Like A Standout

      Jul 5, 2023

      With inflation slowly easing back from the decade highs experienced at the end of 2022, asset management firm Schraders predicts a positive turnaround for bonds. In fact, it says fixed income could end up as a standout performer for 2023 compared wit

      1 min read

    • Article

      From The Editor...

      Jun 23, 2023

      From The Editor...
      2 min read

    • Article

      Good Week For

      Nov 12, 2021

      A Californian resident has paid off his student loan with the money saved from eating exclusively at a local amusement park for seven years, says The Times. The man paid $150 a year for an annual entrance pass to Six Flags Magic Mountain (pictured),

      1 min read

    • Article

      Invest Like A Pro

      Aug 8, 2019

      Invest Like A Pro
      2 min read

    • Article

      PODCAST: The 2022 Stock-Market Outlook with Anne Smith and James K. Glassman

      Dec 28, 2021

      Apple Podcasts | Google Podcasts | Spotify | Overcast | RSS David Muhlbaum: No doubt stocks in 2022 are going to have a tough time topping 2021’s stellar performance, but rise they will, Kiplinger is forecasting. We’ll dig into the year ahead with in

      19 min read

    • Article

      Beaten By The Bond Market

      Oct 21, 2022

      Beaten By The Bond Market
      2 min read

    • Article

      Invest With ‘The Least Regrets’

      Oct 27, 2021

      The Reserve Bank has held the line on the expected path of monetary policy, attempting to anchor expectations of the cash rate out to March 2024. We now see the market pricing 1% and the RBA suggesting more like 0.10% – an expectation gap of some 0.

      1 min read

    Related categories

    Reviews for My Worst Investment Ever

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      My Worst Investment Ever - Andrew Stotz

      Want to share your worst investment ever?

      Send your story to me@andrewstotz.com

      Also by Andrew Stotz, PhD, CFA

      How to Start Building Your Wealth Investing in the Stock Market

      Transform Your Business with Dr. Deming’s 14 Points

      Introduction

      Everything but the basics

      Buying into an illiquid investment that is hard to sell

      Buying into an illiquid investment where you lack influence over management

      Putting faith in an unproven management team

      Investing in people you don’t know, and not reviewing their past and references

      Sometimes you must kill your darlings

      Being oblivious to or disregarding major shifts in an industry

      Being overly reliant on professionals

      Buying more as the price goes down without considering that the market may be right

      Ignoring the reality that things change for companies

      High cost of inertia

      Being unaware when a good investment opportunity is right in front of you

      Failing to act when you recognize a good investment opportunity

      Complicating things, rather than considering buying a company whose service you value

      Confessions of a crypto lemming

      Letting fear of missing out (FOMO) drive

      Enjoying the preview?
      Page 1 of 1