My Worst Investment Ever Podcast Therapong Vachirapong – You Need to Take Risk to Earn a Return
BIO: Therapong Vachirapong is a Managing Director and a Head of Equity Research at Phatra Securities PLC.
STORY: Therapong was a risk-averse investor who hardly took any risks. Therefore, he missed out on many investment returns and didn't increase his returns. The only time he’d take a risk was buying stocks when the prices were very low and in most cases, these stocks never grew in value.
LEARNING: Avoid the maximum drawdown. You cannot increase your return without taking calculated risks. Have an investment style to avoid investing in everything.
“Investing is actually not difficult as long as you don’t get emotional and make irrational decisions when prices change.”
Therapong Vachirapong
Guest profile
Therapong Vachirapong is a Managing Director and a Head of Equity Research at Phatra Securities PLC. He served as the Co-Head of Equity Research and Banking Analyst until May 2018, covering fundamental equity analysis of Thailand finance and securities companies. He also covered strategy and the financial institutions sector for Thailand and worked closely with BofA Merrill Lynch Research Division regional financials team. He was also a part of the ASEAN investment strategy team. He joined Phatra in 1997.
He won the IAA Awards for Analyst in the Financials sector in the Year 2013 and Best Research House for two consecutive years (2013-2014) by the Investment Analysts Association (IAA)
Theraphong holds an MBA in Finance from Western International University, Arizona, USA, and a BA in Accounting and Finance from Thammasart University.
Worst investment ever
Therapong was a risk-averse investor who hardly took any risks. Therefore, he missed out on many investment returns and didn't increase his returns. The only time he’d take a risk was buying stocks when the prices were very low, and in most cases, these stocks never grew in value.
Lessons learned
- You cannot increase your return without taking calculated risks.
- Gain financial literacy before you start investing.
- Have an investment style to avoid investing in everything.
Andrew's takeaways
- Your financial background will affect how you view risks.
Actionable advice
Find your own investment style and understand it before committing to it.
Therapong's recommendations
Therapong recommends reading Capitalism without Capital and The Psychology of Money to understand the business world, globalization, and technology before investing.
No.1 goal for the next 12 months
Therapong's number one goal for the next 12 months is to start investing and building a retirement portfolio because he's about to retire.
Parting words
“Stick to your investment style and be patient. At the end of the day, investing is not difficult as long as you take emotions out of it and stay true to your style.”
Therapong Vachirapong
[spp-transcript]
Connect with Therapong Vachirapong
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
- The Become a Better Investor Community
- How to Start Building Your Wealth Investing in the Stock Market
- Finance Made Ridiculously Simple
- FVMR Investing: Quantamental Investing Across the World
- Become a Great Presenter and Increase Your Influence
- Transform Your Business with Dr. Deming’s 14 Points
- Achieve Your Goals