Podcasts about their worst investments

Michael Batnick is a managing partner at Ritholtz Wealth Management. Michael is the author of Big Mistakes: The Best Investors and Their Worst Investments. He is also co-host of the Animal Spirits podcast and The Compound and Friends Podcast. On this episode we talk about Michael's journey to the world of finance and we talk about the role of luck and hard work. We also discuss what he has learned about leadership as his firm has experienced immense growth. Michael closes by talking about the power of gratitude. — Learn To Lead is brought to you by Abilitie a leadership provider of experiential learning. Abilitie's simulations and leadership programs have inspired over 100,000 professionals in more than 30 countries. To learn more about Abilitie and about our host Matthew Confer, visit the links below: Abilitie Leadership Development - https://www.abilitie.com The Learn To Lead Podcast - https://www.abilitie.com/learn-to-lead-podcast/ Host Matthew Confer: LinkedIn - https://www.linkedin.com/in/matthewconfer/ Twitter - https://twitter.com/MatthewConfer Matthew's TEDx Talk on Decision Making - https://www.ted.com/talks/matthew_confer_before_you_decide_3_steps_to_better_decision_making Make sure you subscribe to our show to ensure you get our next episode when it is released.

On today's episode, Clay Finck reviews Michael Batnick's book, Big Mistakes: The Best Investors and Their Worst Investments. One of the best ways to become a better investor is to learn from our own mistakes. The second best (and less costly) way is to study the mistakes of others. If you want to learn from the mistakes of the world's greatest investors, then this episode was made for you.IN THIS EPISODE YOU'LL LEARN:00:00 - Intro.01:24 - Lessons from Batnick's book from studying the mistakes of the world's greatest investors.02:18 - How Benjamin Graham lost substantial capital during the great depression.07:14 - How Jesse Livermore taught us to always limit the potential downside.12:49 - How Long-Term Capital Management went from billions in AUM to zero almost overnight.16:40 - Michael Steinhardt's mistake of stepping outside of his circle of competence.26:24 - What the endowment effect is.27:20 - Warren Buffett's biggest blunder.29:57 - How Bill Ackman became publicly attached to a short position that went against him.37:32 - How Stan Druckenmiller got suckered into the 1999 tech bubble.49:21 - The dark side of concentrated investing.54:50 - How Keynes transitioned from being a macro investor to a bottoms up value investor.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our TIP Mastermind Community.Michael Batnick's book, Big Mistakes.Check out our previous episode: WSB577: Valuation Masterclass w/ Aswath Damodaran or watch the video here.Follow Clay on Twitter.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence. Get $5 in Bitcoin when you invest $100 with River.Reach the world's largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Invest in some of the top private, pre-IPO companies in the world with Fundrise.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Send, spend, and receive money around the world easily with Wise.Be confident that you'll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Choose Toyota for your next vehicle – SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Beat FOMO and move faster than the market with AlphaSense.Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite's popular KPI Checklist, designed to give you consistently excellent performance for free.Learn how Principal Financial can help you find the right benefits and retirement plan for your team today.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

IRAs, like most products subject to government rules, can garner confusion among individuals as they are presented with uncommon circumstances. Donna and Nathan discuss some of the more tricky questions that we receive about IRAs, including: whether you can put an IRA into a trust, what happens if you and your beneficiaries pass away together, can you borrow from your IRA, is a back door Roth IRA conversion always a good idea, and more. Also, the MoneyTalk hosts reflect on lessons from famous investors as presented in Michael Batnick's book, “The Best Investors and Their Worst Investments”.Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais, EA, CFP®, CIMA®; Air Date: 6/15/2023. Have a question for the hosts? Visit sowafinancial.com/moneytalk-radio to join the conversation!See omnystudio.com/listener for privacy information.

Michael Batnick, author of The Irrelevant Investor blog (https://theirrelevantinvestor.com/) and Big Mistakes: The Best Investors and Their Worst Investments (https://www.amazon.com/Big-Mistakes-Investors-Investments-Bloomberg/dp/1119366550) and Co Host of The Compound and Friends (https://podcasts.apple.com/us/podcast/the-compound-and-friends/id1456467014 for Apple and https://open.spotify.com/show/5VKsKPZUtwVylxslLie36k on Spotify) stops by The Business Brew for a quick chat. In this episode Bill and Michael discuss Michael's book, his early days breaking into finance, his early investing style, and how he looks at the world now. They also touch on some personal chit chat at the end. Please note this episode was recorded before Bill's episode with Tom Gayner. Bill talks about Tom searching for ideas on the 52 Week High list. That part of the conversation is somewhat inaccurate and you should listen to Tom's episode for clarification. This episode is sponsored by Stratosphere.io.  Stratosphere.io is a web based terminal that has financial data, KPIs, links to filings, hedge fund letters, etc.  A key differentiator is Stratosphere.io's segment data and KPIs, which are triple checked for accuracy.  Stratosphere saves users time, enables easy comparisons between companies, and offers company specific metrics such as subscriber counts, numbers of locations, etc.Head over to Stratosphere.io for a free trial.  Should you want to sign up for a paid offering please use the promo code BREW for 15% off. Detailed Show Notes 4:50 - Mark Twain as an investor 7:00 Mike's background and building an online presence 13:00 - How Mike got through a bad first job 18:00 - Dealing with emotions while investing 19:00 - How Future Proof started 21:00 - How Mike approaches The Compound and Friends 24:30 - Helping Clients 28:00 - Why people should consider buying stocks that have gone up 35:00 - Stock chit chat 37:00 - Writing Big Mistakes

Conflicts around money have long been cited as a leading cause of divorce, and in a recent survey, 64% of respondents admitted to being financially incompatible with their partners, with different philosophies around spending, saving and investing. Donna and Nathan offer tips to help keep couples on the same page about their finances, and discuss takeaways from Michael Batnick's book, “Big Mistakes: The Best Investors and Their Worst Investments”.Hosts: Donna Sowa Allard, CFP®, AIF® & Nathan Beauvais EA, CFP®, CIMA®; Air Date: 2/16/2023See omnystudio.com/listener for privacy information.

We read a book by Michael Batnick, called Big Mistakes: The Best Investors and Their Worst Investments. And learning from people's mistakes is something that we all love to do because we'd prefer not to make them ourselves. So we thought this would be a great episode because in life we all make mistakes, it is the response to error that counts.Download your Free Private Lending Report here: www.freedomcapitalinvestments.com/lendingDownload your Freedom # worksheet here:  www.freedomcapitalinvestments.com/worksheetClick on the Social Media links:  www.facebook.com/groups/freedomthroughpassiveincomewww.linkedin.com/groups/14048250—————————————————————————The 1st mistake is even the smartest people have mental lapses and fall prey to poor investment decisions. And we have done this before in our own businesses and we were just going so fast that we just didn't remember. But now we can just recover really quick, because we understand where we were. Number 2, is being smart in one field does not necessarily translate to being a good investor. In other words, being a smart doctor or lawyer doesn't ensure investing success. 3rd, it is important to learn from the mistakes of others to avoid repeating those same mistakes and to protect and enhance your portfolio. We've always said, we're big on coaches and masterminds. And we do that because we want to learn from mistakes of other people. Number 4, be ready to face challenges and obstacles and arm yourself with an advanced plan for all possibilities and unplanned circumstances. When we first started, it was go and whatever happens, happens. But as we got better and started doing more deals we found out what to watch out for. Number 5, focus on taking smart risks and exercise utmost caution, even when something looks incredible, and can't fail. There's nothing in life that can't fail, everything can fail. Number 6, understand that there are times when no one can escape from economic realities and major crashes. So you just have to be prepared for everything. You can't escape it but you surely can navigate through it. Number 7is recognize your investing behavior, biases and tendencies to avoid or mitigate investment losses. Are you type A, B, C or D and based on knowing that and now empowers you to be able to invest in things that you are truly comfortable with and be able to avoid the type of investments that does not match our investing needs.Join our groups on Facebook and LinkedIn.www.facebook.com/groups/freedomthroughpassiveincomewww.linkedin.com/groups/14048250www.FreedomCapitalInvestments.com—————————————————————————Connect with us here:FB personal pageswww.facebook.com/Flipsterwww.facebook.com/dani.lynn.robisonLinkedIn personal pageswww.linkedin.com/in/fliprobisonwww.linkedin.com/in/danilynnrobisonInstagram personal pageswww.instagram.com/fliprobisonwww.instagram.com/danilynn23TikTok  personal pageswww.tiktok.com/@danilynnrobisonwww.tiktok.com/@fliprobison

It can be tough to sell people on paying for something that they will not benefit from within their lifetime, but for many of us the importance of life insurance is hard to overstate. Nathan discusses who should and who should not have life insurance, potential signs of a downside shift for commodities, and Michael Batnick's book, “Big Mistakes: The Best Investors and Their Worst Investments”. Host: Nathan Beauvais, EA , CFP® Air Date: June 24, 2022 See omnystudio.com/listener for privacy information.

Michael Batnick is the Director of Research at Ritholtz Wealth Management where he reads research publications and stays on top the latest trends in the industry. He is a member of the investment committee and heads up the company’s internal research efforts. He spends most of his time developing and implementing risk management and portfolio strategies for the firm’s clients. His career began with a sales position at a life insurance company. In May 2018, he published his book, Big Mistakes: The Best Investors and Their Worst Investments. Michael holds a bachelor degree in Economics from the Queens College. He enjoys reading books and spending time with his family in his spare time. In this episode, Michael shares his golden nuggets of wisdom in investing.  Listen as he reveals why keeping a journal and writing down notes helped him change the way he thinks and apply them in his investments. For our new and inexperienced listeners in the stock market, take away those note-worthy tips as well.  Get educated and be inspired by his story.   “If you write a journal and you're writing your logic down, you'll find very quickly that the biases (you have) are just as susceptible as anybody else's.” - Michael Batnick     What do you want to hear from the My Worst Investment Ever Podcast? Tell us here!   Resources:  My Worst Investment Ever Book myworstinvestmentever.com   Resources from Michael Batnick: Big Mistakes: The Best Investors and Their Worst Investments Listen to his Podcast: Animal Spirits   Topics Covered: 01:08 – Brief background of our featured guest 03:08 – Michael recounted when he bought Apple stocks in 2013 and why he considers this as his biggest loss 05:36 – Why keeping a diary and writing down notes (journaling) helped him managed his risks 09:34 – Summary of the learnings from his book 12:26 – Sharing what he learned about clients and having financial plans 17:20 – Andrew stresses the value of pre-planning for the worst case 17:49 – Great advice to listeners who are new to the stock market 21:23 – Invitation to read Michael’s book   Main Takeaways: Lesson 1: “I think one of the reasons that, I smelled the roses fairly early on, was because I was keeping a diary and I think a lot of people don't even have a sense of what their performance is.”– Michael Batnick Lesson 2: “I think that the difference between successful investors, like super successful investors, done the rest of us is that they can move past it.”– Michael Batnick Lesson 3: “I'm a big believer in having rules when you're investing, whether that is just a simple checklist of the type of stocks you buy or some risk management system.”– Michael Batnick Lesson 4: “Just get started, but be careful. Don't risk too much money, lose money because that's the only way that you're going to learn them. And believe me, you will lose money, but keep it reasonable. Keep it small. Don't put yourself in a position where you're overextending yourself, but I don't think that anybody could tell you how to invest. Nobody could say, don't buy active mutual funds. Don't buy index funds. They're boring. Don't do this. Don't do that. You have to figure it out on your own. And some people never get there.”– Michael Batnick Lesson 5: “The only way to learn what style of investing matches your personality is to invest. And nobody could tell you what it feels like to lose money. So, you have to experience that on your own.”– Michael Batnick   You can also check out Andrew’s books How to Start Building Your Wealth Investing in the Stock Market My Worst Investment Ever 9 Valuation Mistakes and How to Avoid Them Transform Your Business with Dr.Deming’s 14 Points   Connect with Michael Batnick: theirrelevantinvestor.com LinkedIn Twitter   Connect with Andrew Stotz: astotz.com Linkedin Facebook Instagram Twitter Youtube My Worst Investment Ever Podcast

Michael Batnick is the Director of Research at Ritholz Wealth Management, author of theIrrelevant Investor blog, co-host of the Animal Spirits podcast, and recently, author of his first book, Big Mistakes: The Best Investors and Their Worst Investments. Our conversation starts with Michael’s atypical career path, his arrival at Ritholz, and his blog. We then turn to stories from his book about Ben Graham, Jesse Livermore, Jack Bogle, Stan Druckenmiller, John Maynard Keynes, Charlie Munger, and Chris Sacca.  Lastly, we discuss how Michael applies the lessons in his book at Ritholz. Michael is a widely followed rising star in financial social media, and our conversation is packed with nuggets of timeless investment wisdom. Learn More Discuss show and Read the Transcript Join Ted's mailing list at CapitalAllocatorsPodcast.com Join the Capital Allocators Forum Write a review on iTunes Follow Ted on twitter at @tseides For more episodes go to CapitalAllocatorsPodcast.com/Podcast

Here's some good news for investors: If you've ever made a disastrous trade, you're not alone. All of the greats have made horrible moves as well. On this week's Odd Lots podcast, we speak to Michael Batnick, the director of research at Ritholtz Wealth Management, and the author of a new book 'Big Mistakes: The Best Investors and Their Worst Investments.' We talk about great errors from the likes of Warren Buffett, Bill Ackman, Jesse Livermore and many others. In addition to going through their blunders, Batnick explains some basic lessons that investors can take away from these going forward in their own money moves.

I sit down with Michael Batnick, author of "Big Mistakes: The Best Investors and Their Worst Investments."   Some of Wall Street's greatest missteps are well documented:  Bill Ackman's attempt at activism in JC Penny, or Warren Buffet's go-around with Salomon Brothers are two famous examples.  However the great investors of the 19th, 20th and 21st centuries ALL have their own investment blunders.  Some went on to thrive after, while others called it quits.  Michael Batnick and I spend 30 minutes analyzing these infamous lapses in judgement, INCLUDING Mark Twain's (yes the writer!) attempts at venture capitalism (yes he passed on an investment in Alexander Graham Bell's telephone)  

Even the best investors make terrible investing mistakes. Michael Batnick talks about his new book, Big Mistakes: The Best Investors and Their Worst Investments. Plus, should you sign up for Medicare, and which parts? And, Big Al’s got 5 smart ways to collect more Social Security benefits, and the fellas answer the question, can you still take a lump sum from those benefits to buy a red Ferrari? Transcript and show notes at http://bit.ly/YMYW-178

Disney increases its offer for 21st Century Fox. Kroger delivers. CarMax and Winnebago rev up. GE gets the boot. Starbucks cools off. And Chipotle expands its menu. Ron Gross, Jason Moser and David Kretzmann analyze those stories and share a few stocks on their radar. Plus, Ritholtz Wealth Management Director of Research Michael Batnick talks about his new book, Big Mistakes: The Best Investors and Their Worst Investments.

Michael's new book (Big Mistakes: The Best Investors and Their Worst Investments), how he came up with the idea for the book, where the value & momentum premiums come from, why investing is all about expectations & overreactions, Mary Meeker's new tech deck and much more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation.

This week on Behind the Markets hosts Jeremy Schwartz and Wes Gray get market commentary from Jeremy Siegel in the wake of all the China tariffs. Then they talk to Michael Batnick about trading strategy and the major mistakes investors make. Mike has a book that came out June 6th titled "Big Mistakes: The Best Investors and Their Worst Investments" which you can order on Amazon via the link below. Tune in and check it out! Follow his podcast: http://theirrelevantinvestor.com/ Amazon book link: https://www.amazon.com/Big-Mistakes-Investors-Investments-Bloomberg/dp/1119366550 You can also follow him on twitter: @michaelbatnick Guests: Michael Batnick - Director of Research at Ritholtz Wealth Management. Michael is one of the contributors to Ritholtz’s The Irrelevant Investor blog, where he aims to educate people about investing. He’s also the author of a book being published later this year called Big Mistakes: The Best Investors and Their Worst Investments. See acast.com/privacy for privacy and opt-out information.