Learn From My 15 HUGE INVESTING MISTAKES!!! (free lunch for you)
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- เผยแพร่เมื่อ 10 ก.ย. 2022
- Investing mistakes are an essential part of investing, but it isn't until you sit down, go through them, that you realise what an idiot you are. So, here are 15 of my most idiotic investment mistakes!!! Enjoy, I hope my mistakes avoid you from making the same investing mistakes as I did.
Videos mentioned mistakes:
Amira Nature Foods (fraud):
• CRAZY STOCK MARKET - A...
• AMIRA NATURE FOODS EAR...
• ANFI STOCK REPORT ANAL...
Nevsun - • Nevsun is a bargan wit...
Thank You Nevsun - • THANK YOU NEVSUN RESOU...
Qudian - • Chinese Stock To Buy -...
Solar - • 38 SOLAR STOCKS AND SO...
FB a buy again • Facebook Stock Valuati...
TH-cam Portfolio • TH-cam $1,000,000 Por...
10 stocks to buy - • 10 Stocks To Buy Analy...
3 stocks to buy - • 3 Stocks To Buy - SBUX...
GSH - • Chinese Value Stock to...
Intel - • Intel Is A Stock To Bu...
Alibaba BUY - • Alibaba Stock Is A Buy...
Alibaba $100 - • Alibaba Stock Price Fo...
Baidu - • Baidu Stock Is A Buy N... \
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Always keep in mind: “Investing involves risk of loss”
I love it when finance TH-camrs reveal their failures instead of pretending to be godly beings. It is a true manifestation of self esteem and respect to viewers. Kudos Sven for being transparent.
thanks!
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I agree 100%. It's human tendency to brag about wins and diminish mistakes, even though mistakes are where we do more learning! This is a great video with valuable insight
100%. It's what really gives an investor like Sven, and Buffett, credibility.
Interesting
Every investor should strive to make a video like this. If only for him or herself. Facing your past decisions and trying to learn from them is very hard to do in this space.
thanks!
Great video. Unfortunately, not too many people are able to acknowledge their mistakes in real life and learn from them and on TH-cam it is even more rare! Kudos to you Sven for doing this video - you have earned a lot of respect by doing this!
thanks George, coming from you it is really something!
And, allow his audience to learn.
I usually dont watch videos through my account, but after watching this, I had to sign in and say: Thanks a lot for this gem!
happy to hear that!
It takes great humbleness to recognize your mistakes and share them. Thank you Sven!
thanks!
@Aru Bucar, Sven was called out in 'private' by research platform members, as well as in public just about 1 month ago, no choice but to recognize and address it
Thank you for your transparency, Sven. You are a winner in my book.
:-)
Thx, Sven! A lot of wisdom and value in this video. Well done :)
This was your best video to date Sven. Congrats for the courage and candidness. I see a great future for grandpa Sven
I will do my best, so let's see!!!
Thank you Sven, well done, appreciate your honesty!
thanks!
Very informative stuff, Sven! Thanks!
Thanks!
So much value here, really learned a lot. Thank you Sven.
Glad to hear it!
Thanks for this video Sven! I've seen more than 100 hundred of yours and this is likely the best for me. Very personal, which is something to appreciate. Hope you stay that personal in the future, It will help people engaging with you.
Wow, thanks!
Amazing video! Loved all 51 minutes!
Thank you for this great video! This is very helpful.
The value in this one is insane!
thanks!
Man this was a trip down memory lane. It was like getting closure after a bad breakup. Lol. Good stuff sir
:-) Now we can go on after the closure :-)))
Thank you sven, this video is super valuable!
One of your best videos, Sven! Thank you so much for sharing this wisdom.
Huge thanks. The value of this video is unbelievable.
happy to hear that!
Excellent video - transparency on your mistakes - great !!!!
I appreciate that!
Great video! Thank you
Amazing video! Keep up the good work! Thanks!
Thanks!
Great video with lots of value and examples!
Thanks!
Thank you very much for sharing such valuable knowledge, we all do mistakes, the important is to realize it quick and then review and change the strategy of entire portfolio.
The lesson I learned from this video was just to buy Berkshire Hathaway. Then there's no need to watch TH-cam investing channels for stock ideas, free up loads of time and avoid all the mistakes.
berkshire makes mistakes too - buffet admitted he missed a massive opportunity to load up at the beginning of covid - just buy the index thats less risky
Investing in BRK is great, but the returns depend on price paid!
@@Value-Investing Yes, I think you got that from Warren Buffett, you showed the clip of him saying he only swings when he want to.
@@jessehamlin3420 That works great if you’re in your 20-30 and have decades to compound, I wish I was in that position.
Thanks for this video. Taking a lot of notes.
a lot of notes for sure!
Thanks for sharing. Failure is a great learning point.
Thanks!
This is awesome value. Thanks Sven
thanks!
great video sven. Followed you years ago, but now will be back seeing what you are up to. Would love your educational content.
Great respect to a person who described his mistakes in such an open way, admitting unwise decisions and categorizing them. Thank you, sir, indeed, a lot to learn here.
thank you!
Stocks I watch never go as low as I think they should, so if I avoid buying too early, I invariably buy too late or not at all.
:-)
Another extremely valuable and useful content. Thank you Sven for continuing share your experience with us.
Glad you enjoyed it!
Brave. Honest. Value. Respect for making this video Sven!
Thanks!
Love learning material you produce!
great!
Thank you very much Sven. Finally you made the content that I want the most. Hehe
:-)
Awesome honest video Sven would love to see this periodically
I hope not, I hope to make mistakes only to make such a video every 5 years :-)
Great video. So much to learn here. Great Buffett clip. “Swing you bum!” Thank you!
:-)))
I personally did many of those mistakes. No shame, it s part of the game. I respect your transparency Sven
thanks!
This is rich in value Dr. Carlin!! Thank you for sharing your mistakes. Hopefully, we can learn from them (or we will repeat them uh-ho!).
In 5 years, if my next mistakes videos lasts less than this one, I am happy :-)))
thank you Sven...another great informative video..inspiring to know even the best of us make mistakes..
Glad it was helpful!
Best video that I've watched Sven! Best lessons are through mistakes :)
Thanks! 😃
I think this is your best educational video ever. I find patience as the most difficult skill. It is also very difficult not to copy people you are mesmerized of, for example I blindly followed Ray Dalio, as many people blindly follow and copy Munger or Pabrai choices without having an own real convinction or knowledge in that choice.
you always think they know more than you as they are professionals with all the info - but the truth is the unknown is impossible to know, also their risk tolerance!
what a classic video. Honest and very helpful. Thank you for sharing.
Sharing my summary and notes for others:
Summary:
- apply common sense when buying business - is business providing true value to its customers right now? if not, thats speculation.
- stick to low risk/high reward. avoid high risk. identify high risk as low probability in future, geopolitical risk, IPO, value trap, scammers, cyclic businesses
- Value investing is about patience - wait and wait to bet big
- Stay within your circle, apply first principle
- The best investments are buying quality businesses heavily concentrated patiently waiting for the right price
Details:
- Peter Lynch - Its okay to do mistakes, keep looking for the top stocks, even if 6-7 out of 10 perform as expected, you are a winner.
- FRAUD: If something smells fishy, avoid it. Look for short seller report, balance sheet. Stay away from bad business model
- SELLING TOO EARLY: Stay anchored if you believe in your analysis. Adjust the thesis if necessary when stock booms, might be even better value (for self, I remember selling Tesla because everyone around me was telling me to sell)
- HIGH RISK:
- Stay away from High risk - e.g. IPO, few qtrs of growth doesn’t mean shit. People look at 10 year history and only them invest. There are many businesses in the world, focus on the best ones if you can find same high return with low risk
- Geopolitical risk - China, Argentina, etc. Avoid them if possible
- Identify the size of the risk 1st - If its too high, or the probability is high or even ≥ 30% then, avoid it.
- Stay away from Shady management - especially if they have track record.
- Avoid Value Trap - How to tell if a value or cheap stock is a trap? - If its unclear what true business value it will give to its customer. (apply common sense)
- Avoid cyclic business - especially do not buy cyclic business in their peak or high side.
- **INVEST HEAVY IN YOUR CURRENT PORTFOLIO**: Buy more of good that you already own that keeping the size small (e.g. I bought Apple, but only few shares, I should be buying more)
- GROWTH WILL STOP EVENTUALLY - Growth stocks end up becoming Value stock
- **INVEST IN YOUR CIRCLE OF COMPETENCE** - THAT YOU UNDERSTAND - DO NOT JUST TAKE ANYONE’s WORD. People in TH-cam and new channels have incentive to tell you to buy buy buy, thats how they get more views, hence don’t take anyones advice just as-is, even Warren Buffet - APPLY FIRST PRINCIPLE ALWAYS.
- **BE CONCENTRATED AND FOCUSED**, NOT DILUTED - Make your investing boring
- Buying too early when you know it can go lower - Patience and Discipline is value investing
- **Value investing is about waiting for 1 out of 10 of your great ideas to reach absolute bargain with little downside and very high upside**
- Avoid taking speculative bets or keep that to minimum (== none)
- Be clear are you investing in speculation or value - If a **business is providing immediate value** (e.g. revenue, dividend), **then its not speculation**, but if there are future speculation that this business will go 100x in future, future being unknown, then reduce that risk - (e.g. BAIDU in robotaxi, Facebook in META)
- **The best investments are buying quality businesses heavily concentrated patiently waiting for the right price**. Focus on great business at fair price, not fair business at great price
good summary!
One if the best videos ever. Thanks Svan.
Wow, thanks!
Probably best video so far, love it !!!
thanks!
Probably the best video I have ever seen. If you are not planning to include this in your next book you should definitely consider since it's a pure gold mine.. Taking a step backwards and comparing your mistakes against with my little journey I could clearly see similar mistakes in my investing behavior. So thank you!
thanks, will add or make a list or something!
This was an incredibly valuable video. I love these lessons of what not to do!
Thanks!
Great to own your mistakes! Still with you Sven!
THANKS!
Best video of the year, congrats!
THanks!
By far your most valuable video. I learned that you should trade where the winds are blowing. Try to find value in something that will be in high demand and has political tailwinds. For sure learned a bunch from mistakes investing in Chinese stocks!
thanks!!!
Your best video to date. Thank you!
Wow, thanks!
Thanks for hones insights into lessons learned!
Glad it was helpful!
Very good video. Thanks.
Thanks!
You are the best professor ever!
Thanks for honest talk - videos like these make it easy to spot you as one of the few knowledgeable people on here out of all the idiots who talk about some shitty stocks they think are a buy. Maybe videos like these don‘t resonate well with the YT algorithm, but real recognise real. I‘m convinced it helps you grow a more lasting, loyal viewerbase.
I started with ETFs because I am lazy, but the new economic environment made me realize I need to pick and research winning stocks.
So even though I won‘t earn a share in your business I invest the power of my like and sub to increase the value and hopefully the earned knowledge will pay dividend in the future.
Also thinking about tattooing „I‘m an idiot but hopefully a lesser idiot“ on my forehead. What a great motto for life
Probably one of the most useful videos you could find on the net.
Mistakes help investors to improve their method and process.
thanks!
Good to hear from an honest man
Hope so...
Thanks Sven. It takes a lot of pain and courage to analyze one’s past mistake. : )
thanks!
@@Value-Investing at least sven wasn't pressured into investing in NFTs. 😁
Hello Sven,
I have been watching you from beggining - this is best video ever. Thanks.
thanks!
Great Video Sven.
We learn more from our losses than we do from our wins.
Some golden lessons here - a must watch for average investors.
thanks!
Nice video!! I really like how you analyze your investments and reflect on them
Glad you enjoyed!
Best video so far.. will rewatch it multiple times for sure. One on biases would be great as well ^^ thanks a lot sven
that is a good suggestion!!!!
Now this, this is epic!
:-)
Thanks for the video and the free lunch!
As Monish Pabrai said: don't water the weeds and cut the flowers!
Peter Lynch said that:-)
It is easy to say to do value investing but it is very hard to actually do it. I have seen people on youtube trying to outperform the S&P, researchimg a lot but failing hard. And what is true, there are not that many great ideas for a single person doing occational research. I found two or three great buys last year and should have simply stayed with them, instead of diversifying into nonsense, because somebody said it is a good idea. Eather you buy an ETF or you do not diversify. Nobody would buy 20 fractions of different houses because buying one is too risky. You buy one house, which you think is the best buy in the market and then you live in it.
two or three great buys last year might also be too much!
I remember, 1-2 years ago you talked about Gazprom´s Nord Stream 2 how risky it is...., I proudly commented that Germany needs Russian gaz, its just FUD bla bla..... Now who has money frozen in Gazprom?😂😂😂 I HAVE!
I knew the risk, watched it carefully fortunately - but I could have done great by also avoiding it all-together :-(
Sven exited at the right, almost final time when the tanks were at the border. He took profits before though, which was a wise decision. His thesis though that its just FUD abour Russia, Western fear, Wall Street investors runnign away with the first sign of danger etc, was wrong, even thought he made money, which is always good, which is the goal. Unfortunately, now the same arguments make China also a similarly geopolitically very risky country to invest in.
very interesting video. will watch it a couple more times. always hard to learn the right lessons from mistakes. i followed you on several of those stocks. got better returns than my own pics, haha. glad i exited the Russian stocks before the war. thx for the hard work.
Thanks!
Thank you , Sven
:-)
Without skin in the game y never can become an investor, especially a value one.
Congrats Sven😎
that is how it is, but it also depends how much skin!
CVNA=Lesson 3. Thank you Sven!
Great video. We all make mistakes, but it is part of the fun and learning!
:-)
I can appreciate you being humble and showing what you thought were doing wrong. For some reason the first video I watched of yours I felt you were an honest human. I had been watching Buffet and Munger but they never really gave out their secrets so I read the books they read. I learned a lot from you, you cleared up many questions I had, so, Thank You. I will continue to be a sub and appreciate what information you send our way.
Thanks!
@@Value-Investing You're welcome
Extreme value here!
Thanks!
Great content Sven!
Would you please analyze ASOS? There appears to be very deep value here. It’s a favorite of Nick Sleep’s.
It depends on whether they can return to growth and scale - who knows - maybe Nick can also be wrong - time will tell!
I love this kind of video. You should do more of them. It is a lot more informative to learn from anyone mistakes than focusing on just winning trades. Thank you for your excellent work.
I hope not to do more of them :-))))) And I hope the next one in 5 years will be shorter! I am happy with 30 minutes!
Oh that's very nice, now I feel much better, cause I'm not the only one... 😊
Sven, that's your best video ever !
Glad you think so!
This is gold, thank you! I am guilty of most of these, too. Let's be less idiotic together (hopefully)!
Agreed!!!
hi Sven, great video, very honest, we all make mistakes. You forgot to mention all the money you miss in TSLA :)
hahahahaha:-)) Tesla has always been too risky, so I don't consider it a mistake :-)))
Increíble thank you
Wow, one of your best videos. Congrats. You should make a research video about stock-based compensation and buybacks impact in a stock. I think that few people take this into consideration
thanks - will do when I get a good example!
Great video Sven, I'm a member of your research platform. I wish my mistakes we were more like yours. Thought you still did pretty well
we will work to lower all of those in the future!
My biggest mistakes were holding Russian stocks, also heavy investments in BABA, and BIDu
Thank you very much for this video too, it should be in your course.
:-) will add it!
This video is packed with information. I will have to watch it a few times to fully digest. This may be your magnum opus!
thanks, enjoy it!
One hour Sven on sunday is better than one hour of formula 1 on sunday;-)
Sven, great video!
:-)))
Great video. This is how we learn. And learn from these common mistakes . Many of your mistakes were because of a lack of patience. Buffett says the stock market is a machine that transfers wealth from the patient to the impatient. Sven , you are too hard on yourself here. You will do fine going forward. Warren says if you had only 20 stock trades in a lifetime you would do much better. Be extremely careful before investing. Also I believe that most all investors should make a portfolio of Index funds the core of the portfolio and reinvest all dividends and cap gains. Build alpha around that with individual stocks using extreme care. Thanks
I would be still a poor kid with index funds, so there is a lot to discuss and analyze the to find the best for yourself!
Sven just with the non-stop value, transparency, and honesty
:-)
Bought Amira back in the day after watching one of your videos, Sven. Still sits in my portfolio at a shining -100% loss
sorry to hear that, I made a video about selling it, you must have missed it :-(
@@Value-Investing I heard that the 2 main mistakes that investors make are panic buying and panic selling. I decided to eliminate at least one :)
Great video thanks Sven! Howard Marks has a memo where he says that risk is difficult to quantify before the fact but also AFTER that fact. So you could have taken too much risk in businesses where it went good and you made money but where it could have gone bad 😊
risk is impossible to quantify - if it all goes well, you are a genious (think Tesla) if it all goes bad, you are forgotten and an idiot (think WeWork, Nikola etc...)
Great value at a fair price!
:-)))
Thanks for sharing Sven.
Regards from Argentina and excuse my country for your loses 🙏😄
not your fault, my risk taking!
Ok this is one of your best videos imo
:-)
Your new approach is taking shape and there is a kind of consistency to it that is reassuring as a research platform subscriber. You have spoken often about having a very concentrated portfolio of your three or five best ideas. If you do that you absolutely have to accept the least possible amount of risk. Otherwise a short run of bad luck (anything can happen to one company) could leave you with a permanent loss of capital. That's recoverable if you have $10k and add $1k/month. Not if you were a few years from retirement and now have to work until you die. I would love to see on the Research Platform (NOT on YT) an analysis of all of your current holdings/recommendations, that only speaks about their worst-case downside risks. We already know about the potential upside in each business. It's true that each business analysis also discusses the risks, but it would be fascinating to see them all together. How much is the exposure across the whole portfolio to one event, and how much is isolated operational-type risk in each business.
that is a great idea!!! Klarman also says the risk analysis has to be separated from the reward analysis!
Great video!
Thanks!
Thank you so much !
So much value for a 24yo Investor from Germany!
Learning from others mistake feels like a cheat code for life ! ;D
great to hear!
Hoop dat je een mooie zomer hebt gehad Sven!
Working on my thesis now so only scanning this 50-min video, I'll do a deeper dive later!
success met jou afmak... thesis!
Sven, you convinced me to buy Baidu and Alibaba, but you also gave me Albemarle. I have sold Baidu, I am still hanging on to Alibaba hoping for better times, and I grin 🤑 every time I look at the gains from Albemarle.
that is investing, at the end it is about sizing the positions properly!
Best video in this channel!
Wow, thanks!
the new lighting is very very good!
great to hear!
Thanks Sven, great video. Hope you have cleared your head and saved up energy for a full comeback on the research platform. I can see you are working on the promised sector analysis and uploaded two new research analysis today. Hope you can keep it going so we have the best possible information to make decisions in the months to come where there might be opportunities to invest in great businesses at fair prices. Thanks :-)