My Worst Investment Ever Podcast Vijay Pravin Maharajan – Spend Time, Not Money Before You Invest
BIO: Vijay Pravin Maharajan is the Founder and CEO of bitsCrunch GmbH, a Blockchain Analytics company focused on securing the NFT ecosystem.
STORY: Vijay lost over 90% of his savings after investing blindly in cryptocurrency.
LEARNING: Do thorough due diligence before investing in anything. Don’t follow people blindly.
“Before you spend your money, take your time to research the investment.”
Vijay Pravin Maharajan
Guest profile
Vijay Pravin Maharajan is the Founder and CEO of bitsCrunch GmbH, a Blockchain Analytics company focused on securing the NFT ecosystem.
He has a masters in Electrical Engineering and Information Technology from Technische Universität Munchen (TUM), Germany. Vijay is a 3x TEDx Speaker.
He’s also the first Indian to be invited for a TEDx talk in Germany below 30. He was nominated as ‘Top Men Leaders to look up to in 2021’ by Passion Vista magazine. He was also awarded as ‘Top 40 Data Scientists under 40’ in India. And finally, he was nominated as ‘20+ Inspiring Data Scientists to follow in 2020’ by AI (Artificial Intelligence) Time Journal from the United States.
He previously worked a Siemens Mobility, Volkswagen AG, and Telefónica GmbH in Germany.
Worst investment ever
After completing his master’s in Munich, Vijay’s friends pulled him into the crypto space. He took close to 80% of his savings and put them into crypto. Vijay ended up losing almost 90% of his investment. His biggest mistake was not doing any research. He just followed his friends blindly.
Lessons learned
- Do thorough due diligence before investing in anything.
- Don’t follow people blindly.
Andrew’s takeaways
- Never invest in something that somebody told you about.
- Don’t get caught up in the emotion of new investments.
Actionable advice
Spend time, not money, before you invest. First, take your time to research the investment.
No.1 goal for the next 12 months
Vijay’s number one goal for the next 12 months is to go out there, educate more people about the NFT space, and be a good father.
Parting words
“Thanks, Andrew. You’re saving a lot of people from getting screwed up or getting lost.”
Vijay Pravin Maharajan
[spp-transcript]
Connect with Vijay Pravin Maharajan
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
- Best Business Book Club
- Become a Great Presenter and Increase Your Influence
- Transform Your Business with Dr. Deming’s 14 Points