Each episode of the Excellent International Executive podcast will provide case studies, strategies, tactics, and examples from seasoned global leaders. The Excellent International Executive podcast is produced to support your leadership development. Subscribe today to learn about top global leaders and how they navigated the complexity of the global market. Your host is Dr. Katrina Burrus. She is the First Master Certified Coach from the International Coach Federation in Switzerland and founding Board Member for ICF Switzerland. She has served as an adjunct professor to several universities and speaks around the world on the topics of Global Nomadic leadership and has been working as an executive coach for global leaders since 1994. The Excellent International Executive podcast is a platform of discussion and a source of knowledge sharing between professionals and leaders. It promotes continued education leaders around the world.
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EIL 38: The Six Biggest Mistakes in Investment: Insights from an International Financial Analyst and Expert Andrew Stotz
Everyone wants to succeed in their investments by avoiding the pitfalls discussed in the podcast.
The challenge lies in navigating the complexities of investment decisions, including conducting thorough research, assessing and managing risks, and avoiding emotional decision-making.
In this episode of the Excellent International Leadership Podcast, Dr. Katrina Burrus interviews Andrew Stotz, an international financial analyst and investment expert who has conducted 800 interviews on people's worst investment experiences.
Stay tuned to learn more about the six key lessons from Andrew's interviews.
What You’ll Learn From this Episode
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Learn about the top 6 mistakes people make when investing, including insights into financial investments, starting a business, or entering a relationship.
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Explore cultural differences in attitudes towards money between the US and Thailand.
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Understand the changing landscape of capitalism in America, including regulatory burdens and the impact of DEI and ESG considerations on businesses.
On investing ‘ "...people basically get emotional. They jump into something or they're not thinking clearly." - Andrew Stotz
Topics Covered:
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00:15 - Discussion on the lessons learned from interviewing 800 people on their worst investment ever. Emphasis on the importance of research before investing and not solely relying on advisors.
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04:29 - Importance of assessing and managing risks in investments.Explanation of the stop-loss strategy in managing risk.
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06:26 - Discussion on the impact of emotions and flawed thinking on investment decisions.
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13:15 - Examples of misplaced trust in investments leading to scams and fraudulent schemes.Comparison between the US and other countries in terms of regulatory burdens and trust in investments.
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20:27 Importance of monitoring investments to prevent losses.Discussion on the decline of capitalism in the US and the impact of regulatory burdens on entrepreneurship.
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28:55 Critique of the current narrative around big businesses and their role in societal issues.Discussion on the function of businesses to increase value within legal frameworks.
Connect with Andrew Stotz
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Website 1: https://andrewstotz.com/
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Linkedin: https://www.linkedin.com/in/andrewstotz/
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Website 2:https://myworstinvestmentever.com/
Connect with Katrina Burrus
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LinkedIn: https://www.linkedin.com/in/katrinaburrus/
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Facebook: https://www.facebook.com/katrina.burrus
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Twitter: https://twitter.com/katrinaburrus?lang=en
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More Impactful Episodes at https://mkbconseil.ch/eil-podcast/