My Worst Investment Ever Podcast Satima Meanlamai – Never Stop Investing and Learning
BIO: Satima Meanlamai, nicknamed Tao, is the founder of the Vietnam Value Investor group, Thailand.
STORY: When Satima started investing in the stock market, she’d only invest in companies she liked and hardly took time to study other stocks or learn more about the companies she invested in. Though lucky initially, this investment strategy didn’t work out for Satima in the long run, and she lost almost all her savings.
LEARNING: Invest in yourself and never stop learning. Move beyond home country bias and invest in global stocks.
“Hang around people who motivate you to learn.”
Satima Meanlamai
Guest profile
Satima Meanlamai, nicknamed Tao, is the founder of the Vietnam Value Investor group, Thailand. She works full-time as an architect but believes long-term stock investing in Vietnam would grow her savings with less effort.
Her motto is, “When in doubt, just keep investing and learning.”
Worst investment ever
When Satima started investing, she didn’t know much about the financial industry, P/E ratio, dividends, etc. She would invest in the companies she likes. She barely looked at the details of the companies. Satima got lucky, and the stocks grew, and she made a bit of return.
Satima then decided to get more aggressive and put all her savings into the stock market. Again, she barely looked at the details of the companies she invested in. Five years later, economies slowed down, and her stocks started drying up.
Lessons learned
- Invest in yourself and never stop learning.
Andrew’s takeaways
- Move beyond home country bias and invest in global stocks.
- Don’t get stuck on beginner’s luck and think that investing is easy.
- Keep investing and learning.
Actionable advice
Mingle with people who love learning, who are inspiring and motivational, and it will rub off on you. Remember, you are the average of five people you spend time with.
No. 1 goal for the next 12 months
Satima’s goal for the next 12 months is to travel to Vietnam and learn Vietnamese.
Parting words
“Keep investing and learning.”
Satima Meanlamai
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Connect with Satima Meanlamai
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
Andrew’s online programs
- Valuation Master Class
- How to Start Building Your Wealth Investing in the Stock Market
- Finance Made Ridiculously Simple
- Become a Great Presenter and Increase Your Influence
- Transform Your Business with Dr. Deming’s 14 Points