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InvestED: The Rule #1 Investing Podcast

75- What Happened to Horsehead Holding?

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Business, Investing

4.61.6K Ratings

🗓️ 13 September 2016

⏱️ 42 minutes

🧾️ Download transcript

Summary

With any type of investing comes a certain level of risk. While it is great to celebrate our victories, we must also reflect on our failures and find the valuable lessons learned. This week on InvestED we are going over what exactly happened with Horsehead Holding (ZINC), how Phil was involved, and the lessons that were learned from this experience. For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey everybody this is Phil Towne this is Phil Towne this is Danielle Town and

0:08.3

welcome to Invested the podcast about how you're going to get it together and be able to retire sooner than you think.

0:15.0

How you're going to get it together?

0:17.0

Or retire at all for many of you out there.

0:20.0

And this is of course, not a laughing matter.

0:23.7

I was just doing an analysis of a company that I lost a pretty significant amount of money on

0:30.5

just recently, which was a company we talked about a long time ago in the

0:35.3

podcast that I really thought was going to be a fantastic investment.

0:40.2

And I think it's really, really important for everybody who's listening to understand,

0:45.0

you know, the obvious, which is that there's risk and investing,

0:49.0

but more importantly that things can go wrong, which are just outside the envelope of what you know and what you

0:56.7

expect and it's one of the reasons that we insist so much on on a couple of things.

1:02.6

Number one, really sticking with the rules

1:05.8

that we put out about investing

1:07.9

is just gigantically important.

1:10.4

And I just got, you know know I just got hammered because

1:15.2

So let's have had those rules a little bit. What's the name of the company? Okay. The name of the company is horsehead holdings

1:22.4

You bought it when? I started buying it, gosh, I don't remember when I started buying it.

1:29.0

2012 maybe? Roughly, roughly. Okay.

1:33.0

Yeah. And so, you know, I started buying it when it was at about $11 a share.

1:37.7

I got into it because I initially

1:45.0

successful investors,

...

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