My Worst Investment Ever Podcast Johnny Widodo – Everything Great in Life Follows a Process
BIO: Johnny Widodo is CEO in an automotive startup space with over 16 years of experience across multiple industries and geographies.
STORY: Johnny saw a colleague who was making crazy money trading stocks daily. Johnny decided to do what his colleague was doing and ended up losing about $30,000.
LEARNING: Learn and do your research to understand the investment first before you sign off on it. The game of investing is about how much you have at the end of the game.
“There is no instant thing in life. Everything follows a process.”
Johnny Widodo
Guest profile
Johnny Widodo is CEO in an automotive startup space with over 16 years of experience across multiple industries and geographies. He is active as a global speaker, advisory board member, and mentor in various organizations. He is co-author of 2 books and has published his biography. In his free time, he is passionate about weightlifting and hosts the J-Talk Podcast.
Worst investment ever
When Johhny just started working, he had this former schoolmate and colleague who sat beside him at work. The colleague would just play his stocks, and Johnny could literally see him making hundreds, even $1,000 every day. This all seemed too easy, and obviously, he was interested in making such amounts of money so quickly.
Johnny started to pump all the money he made into the same stocks as his colleague. As soon as he began trading, the market collapsed, and he lost 95% of his investment, a total of about $30,000.
Lessons learned
- There is no instant thing in life. Everything follows a process.
- When it comes to investing, it’s not about monkey see monkey do. Learn and do your research so that you understand the investment first before you sign off on it.
- Things happen. You can dwell over it, but not too long. Move on, take the lessons learned, and make sure you don’t fall into the same trap again.
- Make as many mistakes as possible when you’re young. This is when you can afford to lose everything.
- Investing in stocks is beyond your control because a lot of things are being impacted by the markets and speculations.
Andrew’s takeaways
- When you see someone winning in the stock market, keep in mind that people only talk about their winners, not their losses.
- The game of investing is about how much you have at the end of the game. It’s not how much you have this year or next year. It’s the money you have at the end of the game that makes your investment a success.
Actionable advice
If you have some money that you can afford to lose, put it out and play. But before you play, you have to do a lot of research on what you are going to invest in to balance your risks.
No. 1 goal for the next 12 months
Johnny’s number one goal for the next 12 months is to build the largest automotive ecosystem in Indonesia. He is also trying to deadlift six plates of like 260 kg. He’s currently doing 230 kg.
Parting words
“Be responsible for your life. It’s okay to make mistakes, to make your worst investment but just make sure you learn and move on and win the game.”
Johnny Widodo
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Connect with Johnny Widodo
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