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Odd Lots

Even The World's Greatest Investors Have Made Horrible Mistakes

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.41.6K Ratings

🗓️ 30 July 2018

⏱️ 33 minutes

🧾️ Download transcript

Summary

Here's some good news for investors: If you've ever made a disastrous trade, you're not alone. All of the greats have made horrible moves as well. On this week's Odd Lots podcast, we speak to Michael Batnick, the director of research at Ritholtz Wealth Management, and the author of a new book 'Big Mistakes: The Best Investors and Their Worst Investments.' We talk about great errors from the likes of Warren Buffett, Bill Ackman, Jesse Livermore and many others. In addition to going through their blunders, Batnick explains some basic lessons that investors can take away from these going forward in their own money moves.

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Transcript

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0:00.0

Thought Creators, the Podcast for Financial Experts, brought to you by FAB.

0:08.0

My guest today is Sarah Piersada Osmani, head of Sustainable Asset and Project Finance at

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FAB.

0:14.4

FAB has committed to lend, arrange and facilitate up to US dollar 75 billion of

0:20.2

sustainable finance by 2030.

0:23.0

Thought Creators, the podcast for financial experts brought to you by FAB.

0:30.0

To me, context is about pattern recognition.

0:32.8

It's connecting the dots.

0:34.4

It's giving readers an ability to synthesize

0:37.6

a number of different perspectives

0:39.2

so they can understand how the greater whole works,

0:42.0

because nothing really occurs in isolation anymore.

0:44.4

I'm Tim O'Brien and I'm the senior executive editor at Bloomberg Opinion.

0:48.1

On our platform, we ask tough questions and solve complex problems with the facts in mind.

0:53.0

Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Hello and welcome to another episode of the Oblots podcast I'm Tracy Allaway.

1:15.0

Tracy Allaway.

1:18.0

Tracy, we talk a lot.

1:20.0

I don't know I guess if we talk a lot on this particular podcast but I would say financial media is very into great investments and

1:29.7

legendary investors and how they got there and how basically a whole industry devoted to how people became rich and successful.

1:40.0

Wouldn't you say that?

1:41.0

Yeah, well, you have to have role models

1:43.5

if you're trying to do something, right?

...

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