TIP201: Big Mistakes That Great Investors Make w/ Michael Batnick (Business Podcast)

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 29 July 2018

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today's show, we learn about the biggest mistakes that legendary investors have made throughout their career. Our guest, Michael Batnick, recently wrote a book on this topic and provides insights from what he learned. Michael is often featured on CNBC and Bloomberg and he is the Director of Research at Ritholtz Wealth Management. IN THIS EPISODE YOU’LL LEARN: Why you shouldn’t talk about your investments. Why Jesse Livermore is the most quoted and successful trader, but still went broke . Why billionaire Chris Sacca said yes to Twitter, but no to Snapchat, Dropbox, and Airbnb. Why it’s not what you don’t know, but what you do know for sure that gets you into trouble. Ask The Investors: Do you think the increasing number of value investors is making value investing less attractive today? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Michael Batnick’s book, Big Mistakes: The Best Investors and Their Worst Mistakes – Read reviews of the book. Michael Batnick’s site, The Irrelevant Investor. Michael Batnick’s podcast Animal Spirits. Adam Smith’s book, The Money Game – Read reviews of the book. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: ⁠HardBlock⁠ ⁠Human Rights Foundation⁠ ⁠Plus500⁠ ⁠Netsuite⁠ ⁠Shopify⁠ ⁠Vanta⁠ HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. 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Transcript

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0:00.0	You're listening to TI-P.
0:02.7	On today's show, we're going to focus on the fundamentals.
0:05.6	So often it's easy to learn about interesting or obscure topics.
0:09.7	When in all actuality, it's the fundamentals that are the most important.
0:13.4	In an effort to cover this topic appropriately, we're going to talk about the biggest mistakes
0:17.8	investors need to avoid when investing.
0:20.9	On today's show, we have Michael Batnik, who's the director of research at Ritholt's
0:24.8	wealth management.
0:26.4	Michael has recently wrote the book Big Mistakes, The Best Investors, and Their Worst Investments.
0:32.7	Michael's a regular guest on CNBC and Bloomberg, and he's an extra smart investor that reads
0:38.1	a ton.
0:39.4	So without further delay, I'm really excited to share this interview with Michael Batnik.
0:47.8	You are listening to the Investors podcast.
0:50.7	Where we study the financial markets and read the books that influence self-made billionaires
0:55.1	the most.
0:56.1	We keep you informed and prepared for the unexpected.
1:03.1	All right, welcome to the Investors podcast, and I am pumped to have Michael Batnik with
1:14.7	us.
1:15.8	So Michael, you wrote this book Big Mistakes.
1:20.0	Absolutely loved this thing.
1:21.9	The subtitle so people know is The Best Investors and Their Worst Mistakes.
1:27.1	And this was quite entertaining to read through some of the stories that you'd tell.
	...

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