Andrew Stotz - 27 Top Podcast Interviews of 2023 to Reduce Risk and Increase Return

In 2023, I released about 160 My Worst Investment Ever podcast episodes, and this is a list of some of my and my listeners' favorites. I have also created a free “Top 27 from 2023” playlist where you can listen to and view this curated list for free. Just go to My Worst Investment Ever dot com and click the button that says, “Top 27 from 2023.” Since starting this podcast, I have published 760 episodes and look forward to continuing this journey in 2024! I welcome you on my journey “to help 1,000,000 people reduce risk in their lives.”27. Ep738: Neil Johnson – Take the Profit When You CanBIO:&nbsp;Neil Johnson is a renowned finance expert with over 30 years of experience in investment banking, merchant banking, and research analysis in Canadian and UK capital markets. He is the Executive Director and CEO of Duke Royalty, a $300 million alternative finance investment company listed on the London Stock Exchange.STORY:&nbsp;Neil invested in an internet company building website templates when the internet started. The company filed to go public, but the financiers kept delaying the process and never went public. Six months later, the company went to zero. Neil lost his entire investment.LEARNING:&nbsp;Take the profit when you can. Take some money out and play with the rest. Do your due diligence.&nbsp;“Try not to be overly greedy. There’s something about leaving a little on the table for someone else.”&nbsp;26. Ep658: Jeroen Blokland – Know the Actual Business Outlook Before InvestingBIO:&nbsp;Jeroen Blokland is a multi-asset investor with a long-term track record. He worked at Dutch investment bank, Robeco for almost 20 and now runs his independent investment research company, True Insights. Find him on Twitter.STORY:&nbsp;Jeroen’s first investment was in a Dutch company selling PCs. He barely did any research or due diligence. The company reported a loss of $27 million in the same year Jeroen invested. It later went bankrupt, leaving him with a massive loss.LEARNING:&nbsp;Know the actual outlook of a company before investing. Diversify your portfolio.&nbsp;“90% of the investing population doesn’t know the actual outlook of a company.”&nbsp;25. Ep674: Jesse Felder – Don’t Rationalize a Lousy TradeBIO:&nbsp;Jesse Felder started his career at Bear Stearns and co-founded a multi-billion-dollar hedge fund firm. He left Wall Street to focus on The Felder Report and hosts the Superinvestors podcast. Find him on Twitter.STORY:&nbsp;Jesse found a “cigar butt” stock that was cheap and performed extraordinarily well in just a few months after he took a sizable position. A friend convinced him to hold the stock long-term instead of short-term as planned. Government legislation affected the business, and Jesse lost about 50% of his investment.LEARNING:&nbsp;Don’t rationalize a bad trade; get out. Be very careful when you’re in a situation where the government is supporting an industry.&nbsp;“When you’re in a situation that’s not working out as you would hope, rather than dig the hole deeper, move on and find something different.”&nbsp;24. Ep668: Jason Hsu – The Market Can Be Crazy for Longer than You Have the ConvictionBIO:&nbsp;Jason Hsu is the founder, chairman, and CIO of Rayliant Global Advisors, a global investment management group with over US$15+ billion in assets under management as of June 30, 2022. Find him on Twitter.STORY:&nbsp;Jason bet against the GameStop short squeeze and learned that John Maynard Keynes’ saying that “markets can remain irrational longer than you can remain solvent” still holds true.LEARNING:&nbsp;The market can be crazy for longer than you have the conviction to stay invested. Apply position constraints and diversify.&nbsp;“In the short run, the market can really stay crazy for longer than you have the money to stay on. And if you forget that, the market will remind you in as painful of a way as possible.”&nbsp;23. Ep646: Praveen Kumar Rajbhar – Don’t Fall in Love with Your Own IdeasBIO:&nbsp;Praveen Kumar Rajbhar is an entrepreneur, founder, and CEO SkillingYou, an employability Skills Focused EdTech startup in rural India. Find him on Twitter.STORY:&nbsp;When Praveen started his first startup, he spent money to hire many people, buy a lot of gadgets, and rent a huge office space. The business collapsed in less than two years.LEARNING:&nbsp;Get the right mentor to guide you on how to make your startup a success. You don’t need a big team to be successful. Get on-time and accurate financial statements every month.&nbsp;“Having the right mentor will help you create a great company.”&nbsp;22. Ep731: Robin Wigglesworth – You Can’t Outsmart the MarketsBIO:&nbsp;Robin Wigglesworth is the editor of Alphaville, the FT’s financial blog. From Oslo, Norway, he leads a team of writers who dig into anything deeply nerdy or delightful that they spot. Find him on Twitter.STORY:&nbsp;Robin invested in an ETF in Norway, a consumer durables company, and a fertilizer company after the 2008 financial crisis. These companies did incredibly well. Unfortunately, Robin reacted to short-term headlines when the European crisis started erupting and sold out.LEARNING:&nbsp;You can’t outsmart the markets. Always let your winners ride.&nbsp;“Always let your winners ride.”&nbsp;21. Ep695: Jack Farley – Don’t Play in Markets You Don’t KnowBIO:&nbsp;Jack Farley is the host of the Forward Guidance podcast. He is interested in all things liquidity, macro, and central banking. Find him on Twitter.STORY:&nbsp;Jack bought a lot of put options on the markets and individual stocks, notably Tesla, in February 2020 when the market was bearish. When the market crashed in March 2020, Jack made so much money (on paper). But, soon, the market started going up, and his position dropped to zero.LEARNING:&nbsp;Don’t view the market as a place to create wealth; view it as a place to grow it. Don’t confuse being lucky with being an intelligent investor.&nbsp;“When you get a windfall, realize those gains, and at the very least, trim the position down.”&nbsp;20. <a...