John Addis: Win at investing by losing less

Oct 16, 2024

John Addis, founder of Intelligent Investor and a leading voice in Australian investment writing, shares insights on avoiding costly mistakes. He discusses four categories of investment losses, including stocks he shouldn't have bought and ones he sold too soon. The conversation dives into the evolution of value investing, emphasizing intangible assets. Addis critiques the downfall of Star Entertainment and the risks of chasing tech innovations like Afterpay, while highlighting the importance of understanding market trends and the psychology behind investing.

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Intro

00:00 • 2min

Lessons in Investing: The Flight Centre Journey

02:04 • 7min

Navigating Investment Strategies

08:44 • 8min

Transforming Investment Perspectives

16:23 • 22min

Understanding Risks and Opposing Views in Investing

38:39 • 2min

Lessons from Star Entertainment's Downfall

40:28 • 25min

Investment Insights: Navigating Tech Innovations and Market Risks

01:05:55 • 14min

Embracing the Apple Ecosystem and Investment Insights

01:20:10 • 3min

John Addis is the founder of Intelligent Investor and one of Australia's best investment writers. He joins Owen Rask to dive deep into four categories of losses and how to avoid the costliest investment mistakes.

Video version: https://youtu.be/v8L-I3J1I28

Buy the book (use code RASK25 for 25% off at checkout): https://bit.ly/johnaddis

Show notes: https://www.raskmedia.com.au/2024/10/07/john-addis-book-how-not-to-lose-1-million/

The four categories of losers include:

Stocks John bought but shouldn't have
Stocks he bought but sold too soon
Stocks he bought but sold too late, and
Stocks he should have bought but didn't.

Companies mentioned include Flight Centre (ASX: FLT), Afterpay (now part of Block Inc), Apple Inc (NASDAQ: AAPL), Facebook/Meta Platforms (NASDAQ: META), Star Entertainment Ltd (ASX: SGR), Cochlear Ltd (ASX: COH), PMP Ltd (ASX: PMP) and more.

~~ Resources you'll love ~~

Access Show Notes: https://bit.ly/R-notes

Invest with Owen: https://bit.ly/R-invest

Mortgage Broking: https://bit.ly/broke-rask

Financial Planning: https://bit.ly/R-plan

Property Coaching: https://bit.ly/R-P-coach

100-point property checklist (PDF): https://bit.ly/prop-check

Accounting with Grey Space: http://bit.ly/3DG5lWS

Business Coaching: https://bit.ly/o-coach

Ask a question: https://bit.ly/3QtiY00

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.

Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

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