My Worst Investment Ever Podcast

Ashraf Bava is currently the Chief Executive at Nael Capital (Pvt.) Limited and a Director at the Institute of Capital Market in Pakistan. Also, he is the current President of the CFA Society in Pakistan, and a Securities and Exchange Commission of Pakistan (SECP) nominated director. Ashraf Bava holds both MBA and CFA degrees and started his career as Chief Security Officer (CSO) at Mobilink in 1995. He joined Elixir Securities in Equity Sales, was promoted to the position of Head of Sales in 2004, and eventually became CEO in November 2005. He joined Nael Capital in 2009. During his career, he was also a consultant at the World Bank Group In this episode, Ashraf shares his painful stock equities investment story because of his overconfidence and improper portfolio approach. "Whatever you invest in, whether it is a stock trade or real estate whatever, just study, read. You have to read. You cannot go blindly into anything without any research." -Ashraf Bava What do you want to hear from the My Worst Investment Ever Podcast? Tell us here! Resources: My Worst Investment Ever Book myworstinvestmentever.com Topics Covered: 00:42 – Ashraf’s professional and investment background 02:06 – Ashraf describes his level of investing experience 02:54 – Ashraf describes the circumstances that led him to invest in Attock Refinery Ltd. 03:30 – Ashraf's overconfidence which made him overlook the risk factors of his trades 03:50 – Investing 80% of his portfolio in one particular stock 04:27 – Attock Refinery stock’s performance when Ashraf entered 05:49 – Volatility of his stock pick and how wiped up his profits from his 2 years of stock market trading 09:55 – Ashraf’s Takeaways from his investment experience 11:39 – Andrew summarizes the critical learning point from Ashraf’s experience 15:14 – Ashraf’s actionable advice to help listeners protect their investment: Read and consider investing long-term. Main Takeaways: Lesson 1: It is important to have a proper portfolio approach. Your portfolio should meet your future capital requirements and give you peace of mind while doing so. Lesson 2: Make investment research before investing in any venture. Read reports about the particular industry you are investing in for example about the international oil prices and what the stocks broker is telling that particular stock. Lesson 3: Get insights into the particular investment that you are making. It is important to stay cool, calm and collected when trading. Lesson 4: Always cut your losses short. Cutting losses quickly prevent you from suffering a devastating fall that's too steep to recover from. You can also check out Andrew’s books How to Start Building Your Wealth Investing in the Stock Market My Worst Investment Ever 9 Valuation Mistakes and How to Avoid Them Transform Your Business with Dr.Deming’s 14 Points Connect with Ashraf Bava: Linkedin Facebook Connect with Andrew Stotz: astotz.com Linkedin Facebook Instagram Twitter Youtube My Worst Investment Ever Podcast

Bill Lewis is the founder and leader of Linacre Digital Media. He holds a degree in Business Strategy, Leadership, Merger and Acquisition, Operations Strategy, and Globalization from Harvard Business School. Bill started his career as a senior financial analyst at Ford’s Europe division. Throughout his career, he worked for more than a dozen companies, including KPMG, British Airways and was the co-founder in 2012 of Temasys Communications. Born as a technologist, he has evolved into a consummate leader and boardroom titan. He’s helped many entrepreneurial businesses including some Fortune 200 companies. In this episode, Bill shares his painful investment story of loss and his takeaways from the experience. You may relate to his story, or have lived one of them, but most importantly learn from it. "Find a way of getting a hands-on exposure to a new business model and a new business environment before you commit financial investment." -Bill Lewis What do you want to hear from the My Worst Investment Ever Podcast? Tell us here! Resources: My Worst Investment Ever Book myworstinvestmentever.com Topics Covered: 00:57 – Bill’s entrepreneurial and investment background 02:44 – Bill describes the circumstances that led him to his worst investment ever 04:08 – Bill shares his worst investment story 05:44 – Qualities of the American company that Bill invested in 06:20 – Type of investment Bill made 07:35 – Why product-market fit is so important 08:10 – Signs of failure and how he knew the business is not working out 09:08 – 3 Takeaways from Bill’s investment experience and his actionable advice 11:39 – Andrew summarizes the critical learning point from Bills experience 13:33 – the Crash of 2008: Chapter 2 of investment failure for Bill 15:28 – Andrew shares the CFA’s standard of ethics Main Takeaways: Lesson 1: Find a way of getting a hands-on exposure to a new business model and a new business environment before you commit financial investment. Lesson 2: If you are going to enter into a commercial agreement with someone who allegedly has the product and the experience, you need to make sure that they have some skin in the game. Lesson 3: Have a committed and loyal staff. Employees are so much more than paid workers – they are ambassadors for your brand and everything that your business stands for. As members of your company, they must be acquainted with the products or services that you offer. You can also check out Andrew’s books How to Start Building Your Wealth Investing in the Stock Market My Worst Investment Ever 9 Valuation Mistakes and How to Avoid Them Transform Your Business with Dr.Deming’s 14 Points Connect with Bill Lewis: Linkedin Twitter Connect with Andrew Stotz: astotz.com Linkedin Facebook Instagram Twitter Youtube My Worst Investment Ever Podcast