4.5 • 928 Ratings
🗓️ 19 August 2015
⏱️ 13 minutes
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Wrapping up this two-part series on losers, David explores the lessons we should -- and shouldn't -- learn from investing mistakes.
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| 0:00.0 | It's the Rule Breaker Investing Podcast with Motley Full Co-founder David Gardner. |
| 0:07.0 | And welcome back to Rule Breaker Investing. |
| 0:12.0 | I'm David Gardner, your host. |
| 0:13.6 | Great to have you with me this week. |
| 0:15.0 | And if you were listening last week, |
| 0:16.9 | you know that we talked about my five biggest losers, |
| 0:19.8 | the five worst stocks that I have ever picked for Motley Fool Services, four of which were |
| 0:24.7 | from Motley Fool Rulebreakers, the other which is from Motley Fool Stock Advisor. |
| 0:28.7 | All five of these stocks losing, I hate to say this, but I'm going to say it, more than 90% from where I recommended those stocks to members back in the day whenever that day was. |
| 0:41.0 | And we talked about those five, I'm not going to summarize them now, but I did say that we would continue the series this week, and we're going to conclude the series this week, talking about losers. This is losers podcast number two in our losers series but this one is |
| 0:55.6 | where we reflect on lessons from losers and I talked last week about companies |
| 1:01.6 | each one I looked at it said kind of here's why I think this |
| 1:04.8 | one lost so you can go back and listen to that but really we're going to be |
| 1:07.8 | talking more generally this week about learning and learning from losers so you know when I first was approached with this idea |
| 1:15.4 | I mentioned Darren Hoke our listener and a long-time motley fool member who said hey Dave |
| 1:19.5 | talk about your losers and I did it last week it wasn't fun. It shouldn't be why I would be talking about your losers be fun, but I thought more about it and why wasn't it fun? And the answer is because it's kind of like asking a baseball player, you know, reflecting back on your career, what were your five biggest strikeouts? |
| 1:37.5 | And what did you learn from them? And the answer is, I wasn't a baseball player. I was up until high school ball where my career ended because |
| 1:46.6 | I wasn't good enough to play at the University of North Carolina, but you know, at some point, looking back on our careers we don't probably spend a lot of time thinking about our five biggest |
| 1:57.6 | Strikeouts especially in baseball you go up to the plate a lot and why would you remember this strike out versus that one? |
| 2:04.0 | You tend to remember your home runs and that's going to foreshadow where I'm headed with |
| 2:07.4 | this podcast but just a brief reflection that it's not something I'm |
| 2:11.6 | preoccupied with or think a lot about even |
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