My Worst Investment Ever Podcast
Business:Investing
BIO: Therapong Vachirapong is a Managing Director and a Head of Equity Research at Phatra Securities PLC.
STORY: Therapong was a risk-averse investor who hardly took any risks. Therefore, he missed out on many investment returns and didn't increase his returns. The only time he’d take a risk was buying stocks when the prices were very low and in most cases, these stocks never grew in value.
LEARNING: Avoid the maximum drawdown. You cannot increase your return without taking calculated risks. Have an investment style to avoid investing in everything.
“Investing is actually not difficult as long as you don’t get emotional and make irrational decisions when prices change.”Therapong Vachirapong
Guest profile
Therapong Vachirapong is a Managing Director and a Head of Equity Research at Phatra Securities PLC. He served as the Co-Head of Equity Research and Banking Analyst until May 2018, covering fundamental equity analysis of Thailand finance and securities companies. He also covered strategy and the financial institutions sector for Thailand and worked closely with BofA Merrill Lynch Research Division regional financials team. He was also a part of the ASEAN investment strategy team. He joined Phatra in 1997.
He won the IAA Awards for Analyst in the Financials sector in the Year 2013 and Best Research House for two consecutive years (2013-2014) by the Investment Analysts Association (IAA)
Theraphong holds an MBA in Finance from Western International University, Arizona, USA, and a BA in Accounting and Finance from Thammasart University.
Worst investment everTherapong was a risk-averse investor who hardly took any risks. Therefore, he missed out on many investment returns and didn't increase his returns. The only time he’d take a risk was buying stocks when the prices were very low, and in most cases, these stocks never grew in value.
Lessons learnedFind your own investment style and understand it before committing to it.
Therapong's recommendationsTherapong recommends reading Capitalism without Capital and The Psychology of Money to understand the business world, globalization, and technology before investing.
No.1 goal for the next 12 monthsTherapong's number one goal for the next 12 months is to start investing and building a retirement portfolio because he's about to retire.
Parting words“Stick to your investment style and be patient. At the end of the day, investing is not difficult as long as you take emotions out of it and stay true to your style.”Therapong Vachirapong
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Connect with Therapong Vachirapong
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Julian Klymochko – Arbitrage Trades Don’t Always Turn Out to Be Risk-free
David Hay – The Importance of Range Expansion
Rex Salisbury – Quitting Can Be a Very Important Skill to Exercise
ISMS 23: Larry Swedroe – Do You Allow Yourself to Be Influenced by Your Ego and Herd Mentality?
Harvey Sawikin – Do Your Own Homework
Paul Krake – Surround Yourself With Experienced People
Noel Smith – Always Have Risk Measurements in Place
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Guillermo Cornejo – Don’t Underestimate the Value of Experience
Eugene Ng – Keep Playing the Long-Term Game of Investing
ISMS 21: CPI Collapsing Across the Globe
Nick Maggiulli – Don’t Buy Individual Stocks
ISMS 20: Larry Swedroe – Do You Extrapolate From Small Samples and Trust Your Intuition?
Larry Shumbres – Invest in What You Know and Is Regulated
Jesse Felder – Don’t Rationalize a Lousy Trade
ISMS 19: 5% March 2023 CPI Could Fall to 4% By Year-End; If Oil Doesn’t Fly
Sachi Wickramage – Target the Customer With the Problem at Scale
ISMS 18: Dave Collum – What Makes Your Investments Good or Bad
Vincent Deluard – Know the Difference Between a Trade and an Investment
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