496- FROM THE VAULT: What Happened to Horsehead Holding?

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.6 • 1.6K Ratings

🗓️ 22 January 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Engaging in any form of investment involves some level of uncertainty. While it's natural to feel proud of our achievements, it's equally important to analyze our process when things go wrong. As with anything in life, if we practice value investing for long enough, we’ll inevitably make some missteps. By reflecting on failures, we uncover insights and lessons that not only strengthen our decision-making but also help us grow as more informed and resilient investors. On this Vault episode we look back on the troubled story of Horsehead Holdings, and Phil dives into his connection to the company and what he took away from his experience watching a business defy expectations. If you’re looking for help with how to plan, save, and invest—at any age—make sure to get our free guide, Map Out Your Investing Journey: https://bit.ly/3DTy4qN Topics Discussed: Horsehead Holding Corporation 13F filings 10-K reports Zinc industry EBITDA P/E ratio Resources Discussed: GuruFocus DATAROMA Seeking Alpha Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:30.0	Hey everybody, welcome to Invested. I'm Danielle Town. Happy New Year. I'm putting up one from the
0:36.3	vault today, which is on failure, which is maybe a weird way to start off the new year.
0:41.7	But I think really beautiful to acknowledge that sometimes, as Charlie Munger says, the vicissitudes of life happen.
0:52.1	And I'm very impressed that my father was willing to talk about a failure because
0:56.4	you won't hear that from most investors, which is natural. You won't hear that from most people.
1:02.9	People don't like to talk about their mistakes or their failures, naturally. It isn't fun.
1:08.7	It's uncomfortable. And yet, I think to be a good investor it's vital to examine
1:15.1	our mistakes and our failures and to whof feel that discomfort so that hopefully i can prevent it in the future
1:25.9	not always i will always have failures and mistakes,
1:30.1	but at least my hope is to make different ones,
1:33.7	make new ones, not make the same ones going forward.
1:38.4	So I hope you're having a good January and a good new year
1:41.7	and enjoy this episode.
1:43.6	We'll be back soon. Thanks everybody and
1:45.8	enjoy your investing practice. Bye.
1:53.6	Hey everybody. This is Phil Town. This is Danielle Town. And welcome to Invest in the podcast about
1:59.3	how you're going to get it together and be able to retire sooner than you think.
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