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

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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.

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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
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Why it’s not what you don’t know, but what you do know for sure that gets you into trouble
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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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