My Worst Investment Ever Podcast

Click here to get the PDF with all charts and graphs Introducing emerging marketsOur FVMR frameworkFundamentals: Emerging markets are about 20% less profitableValuation: Emerging markets are about 41% cheaperAsset class and region/country allocationsIntroducing emerging marketsOur FVMR framework   Fundamentals: Emerging markets are about 20% less profitable Valuation: Emerging markets are about 41% cheaper UK: Cheap and high profitabilityGermany and Korea: Cheap and low profitabilityAustralia and US: Expensive but high profitabilityAsset class and region/country allocationsThis is not a recommendationMy next rebalance is in early SeptemberEverything could change thenThis is not a recommendationMy next rebalance is in early SeptemberEverything could change then Click here to get the PDF with all charts and graphs Andrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassThe Become a Better Investor CommunityHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleFVMR Investing: Quantamental Investing Across the WorldBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsAchieve Your GoalsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: Justus Hammer is the Group CEO and Co-founder of Mad Paws. Over the past two years, he has invested in over 45 startups. He has served as an advisor and early investor in Airtasker and a founding investor and advisor to VICE Golf.STORY: Justus developed an idea to make real estate buying easier. He wanted to expand outside of Australia when COVID hit. Justus took a pause, thinking that the market would tank further. Instead, property prices doubled in the next 18 months.LEARNING: What works in one asset class will not necessarily work in another. The real estate market dynamics are very different in each market. Timing matters, but you can never really know whether your timing is right until after. “I don’t think there is a single truth or strategy that works for everyone. Just think about it and ask yourself what you want to achieve and what the most likely scenario is for you to get there.”Justus Hammer Guest profileJustus Hammer is the Group CEO and Co-founder of Mad Paws. He has invested in over 45 startups over the past two years, serving as an advisor and early investor to Airtasker and a founding investor and advisor to VICE Golf. He has not only been involved in starting more than ten companies in the tech space, like Spreets and Mad Paws, but has also developed a growing interest in cash flow businesses over the past ten years.Worst investment everJustus saw a big opportunity in the real estate space to improve and make purchasing a property easier. There’s a whole lot of angst that goes with that, and many people are very scared about the process and sometimes get it wrong. So, Justus and his company wanted to create a better way to get buyers from property A into property B.They spent time building the idea and even had some of Australia’s biggest real estate companies backing them. In the beginning, the company was working and managed to transact around 40 properties.But it was a tough time in Australia’s real estate market, so Justus ran into many issues. One particular issue was timing. The market was going down, so they had to buy properties, try to improve them, and sell them quickly.They also ran into the problem of not being aggressive enough on the buying side, so they couldn’t get many properties. Still, they made money on about 60 or 70% of their properties. But they also had a couple that really killed them.Justus believed the market would improve, so they sat through it. The market kept dropping, and they started looking for other opportunities. They began to look closer into the numbers, the unit economics, and what had been working. They realized the model was working pretty well outside Australia.His company decided to expand into Europe, but before they did, COVID hit. COVID changed the dynamics completely. Debt facility providers pulled back and refused to give them a loan. Their real estate partners decided to figure out the situation first, believing the market value would go down. The market turned out to be the opposite, and property prices doubled in the next 18 months.Lessons learnedWhat works in one asset class will not necessarily work in another.The real estate market dynamics are very different in the US, Europe, and Australia.You can’t have regrets in investing. You’ve got to take the good and the bad.There isn’t a single truth or strategy that works for everyone.Andrew’s takeawaysTiming matters, but you can never really know whether your timing is right until after.Transferring a business model doesn’t always work.Investing is going to be a roller coaster, no matter what. It’s really a matter of holding on through the tough times.Actionable adviceJustus underscores the value of pursuing activities that provide non-monetary benefits. He advises finding a balance between doing what you’re good at and what brings you joy. This advice serves as a guiding light, helping the audience navigate the complex terrain of work-life balance and personal fulfillment.Justus’s recommendationsJustus recommends reading Atomic Habits to find structure and make your life easier. He also recommends The Subtle Art of Not Giving a F*ck if you want to focus on what matters and reducing suffering.No.1 goal for the next 12 monthsJustus’s number one goal for the next 12 months is to get Mad Paws to a better position and to invest in cash-flow businesses.Parting words “You’ve got to take some risk, but ensure you measure it as much as possible.”Justus Hammer [spp-transcript] Connect with Justus HammerLinkedInAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassThe Become a Better Investor CommunityHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleFVMR Investing: Quantamental Investing Across the WorldBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsAchieve Your GoalsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramThreadsTwitterYouTubeMy Worst Investment Ever Podcast

Financial expert Larry Swedroe discusses market efficiency and the case of Pete Rose in investing. He emphasizes not trying to time the market or pick stocks as retail investors often underperform. The podcast explores challenges in generating alpha, the fine line between legal and regulatory boundaries in sports betting, market bubbles, and collective wisdom.

Guest Larry Swedroe talks about why investing in great companies doesn't guarantee high returns. He discusses the concept of risk-adjusted returns, market efficiency, and the importance of understanding valuation. Larry emphasizes the significance of developing a financial plan based on expected returns from stocks and bonds, rather than trying to time the market.

Larry Swedroe, author of 'Enrich Your Future: The Keys to Successful Investing,' discusses why persistent outperformance in investing is challenging. He emphasizes the importance of building a robust asset allocation plan, regularly rebalancing, and sticking with it. Larry shares insights on market bubbles, timing investment decisions, and the complexities of achieving consistent success in investing.

Author Larry Swedroe discusses the challenges faced by active investment managers in outperforming the market due to costs. He draws parallels between athlete performance and investment management, highlighting the difficulties of achieving consistent success in both fields. The episode delves into the concept of persistence in investment performance and the impact of scaling and market competition on managers' ability to generate long-term returns.

Financial author and speaker Larry Swedroe discusses market pricing strategies and the importance of investing in passively managed funds. He emphasizes letting the markets work for investors and highlights the challenges of beating an efficient market. The conversation explores the concept of market efficiency in sports betting and stock trading, overconfidence among individual investors, and the impact of Fama and French's research on active fund managers.

Rizwan Memon, founder of Riz International, shares his $160,000 loss from shorting GameStop due to Elon Musk's tweet. Lessons learned: always have enough liquidity when shorting, control money bets, avoid emotional trading. Emphasizes transparency in trading practices and the importance of due diligence for safer investments.

Larry Swedroe, author of 'Enrich Your Future: The Keys to Successful Investing', discusses key metrics for stock market success. They delve into research revolutionizing investing strategies, including factors like market beta, value companies, smaller companies, and momentum. The conversation highlights the importance of analyzing small companies based on profitability and investor behavior's impact on returns.

BIO: Mark Kohler, M.PR.A., C.P.A., J.D., is a highly respected Founding and Senior Partner at KKOS Lawyers, specializing in tax, legal, wealth, estate, and asset protection planning.STORY: Mark and his partner bought two properties to put up on Airbnb. The first property needed just a bit of modification, but the second one required far more. It took them more time and money than expected to get it ready for renting.LEARNING: Take ownership of your mistakes. If a problem occurs, admit it, step up, and try to solve it—don’t run away or stick your head in the sand. The majority of trouble we face in our lives will be caused by ourselves. “When you’re pivoting in the face of a disaster or a bad investment, the first thing to do is give yourself some grace.”Mark Kohler Guest profileMark Kohler, M.PR.A., C.P.A., J.D., is a highly respected Founding and Senior Partner at KKOS Lawyers, specializing in tax, legal, wealth, estate, and asset protection planning.With a reputation as a YouTube personality, best-selling author, and national speaker, Mark is dedicated to guiding clients through complex legal and financial landscapes to achieve their American Dream.He also serves as the co-founder and Board Member of the Directed IRA Trust Company and has launched the Main Street Certified Tax Advisor Program to train CPAs and Enrolled Agents nationwide.As the co-host of The Main Street Business Podcast and The Directed IRA Podcast, he simplifies intricate topics like legal and tax strategy, asset protection, retirement, investing, and wealth growth.Mark Kohler’s commitment to helping entrepreneurs and small business owners attain success and financial security has made him a trusted expert in the field. He has helped countless individuals and businesses navigate the financial and business world with confidence.Worst investment everMark and his partner bought two properties in Arizona to turn into Airbnbs. They aimed to modify them over two to three months and set them up on the Airbnb platform. They hoped to start renting them out during the winter, which is a great Airbnb season. The first property was beautiful and simply needed yard furnishings.At the same time, 10 blocks away was the other property, which they thought would need some minor work, just like the first property. A few weeks later, they realized the property would take a ton of work, but the train had left the station, and there was no turning back. And so the damage began. The two partners added a lot of value to this property, but it was far more than they wanted to bite off and chew. Modifying the property took more time and money than expected.Lessons learnedYou can make a good investment, and something outside your control happens.Take ownership of what you’re doing wrong.If a problem occurs, admit it, step up, and try to solve it—don’t run away or stick your head in the sand.Andrew’s takeawaysThe majority of trouble we face in our lives will be caused by ourselves.When you do something wrong, admit it to yourself as a first step.If you cause damage to another person, you must amend and resolve it.You can’t get help on something if you haven’t admitted it.If your process is good and you keep improving, you progress.Actionable adviceWhen you are pivoting in the face of a disaster or a bad investment, recognize that it’s not the end of the world, give yourself some grace, look for the silver lining, and get to work.Mark’s recommendationsIf you’re in the Airbnb market, Mark recommends reading Daniel Rusteen’s books. He also recommends his podcast, The Main Street Business Podcast, which has some great interviews about Main Street business and investing strategies.No.1 goal for the next 12 monthsMark’s number one goal for the next 12 months is to dial in the Main Street business tax pro certification. He wants to have 1,000 members by the end of the year. These are 1,000 business owners, tax professionals, and legal and financial professionals looking for a group of like-minded individuals and tribes.Parting words “Don’t give up no matter what.”Mark Kohler [spp-transcript] Connect with Mark KohlerLinkedInTwitterFacebookInstagramPodcastYouTube WebsiteBooksAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassThe Become a Better Investor CommunityHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleFVMR Investing: Quantamental Investing Across the WorldBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsAchieve Your GoalsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramThreadsTwitterYouTubeMy Worst Investment Ever Podcast