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
Learn about the top 6 mistakes people make when investing, including insights into financial investments, starting a business, or entering a relationship.
Explore cultural differences in attitudes towards money between the US and Thailand.
Use the 6 listed investment mistakes as guide for you to create, grow, and protect your wealth
On investing ‘ "...people basically get emotional. They jump into something or they're not thinking clearly." - Andrew Stotz
Topics Covered:
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.
04:29 - Importance of assessing and managing risks in investments.Explanation of the stop-loss strategy in managing risk.
06:26 - Discussion on the impact of emotions and flawed thinking on investment decisions.
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.
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.
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
Website 1: https://andrewstotz.com/
Linkedin: https://www.linkedin.com/in/andrewstotz/
Website 2:https://myworstinvestmentever.com/
Connect with Katrina Burrus
Facebook: https://www.facebook.com/katrina.burrus
More Impactful Episodes at https://mkbconseil.ch/eil-podcast/
Leadership communication is essential for good leadership, as it is the connective tissue that binds organizations together. Both internal and external leadership rely on effective communication to influence the marketplace.
However, the challenge lies in the evolving realm of communication, where leaders must navigate the digital landscape and polarized markets.
William Berenson has a diverse work experience spanning over three decades. William is currently serving as the Senior Partner at Paktolus Solutions LLC, a technology services company that connects people and businesses globally.
Prior to this, Berenson held the position of Partner/Board Member at PWRstation SA, where they served as the Chief Marketing Officer.
Don't miss out on this enriching discussion on leadership communication with Katrina and William.
Listen to learn more about the latest trends in leadership techniques and elevate your leadership skills to the next level.
What You’ll learn From this Episode:
Learn about the importance of communication in leadership.
Learn about the evolving realm of communication in today's digital world.
Determine the impact of different communication styles on leadership success.
Find out how to bring your leadership to the next level through effective communication strategies.
"Communication is central to the idea of leadership." -William Berenson
Topics Covered:
03:12 - Introduction to the importance of communication in leadership and the changing landscape of communication in today's digital world.
03:54 - Discussion on evaluating leadership communication styles, comparing articulate vs. less articulate approaches and their impact on influencing the marketplace.
04:58 - Examples of effective leadership communication: Donald Trump's use of digital media and Senor Rendao's quiet yet influential leadership style at Banco Bradesco.
05:29 - Impressive leadership examples showcasing wisdom and experience in decision-making.
06:15 - Summary of key leadership attributes discussed: clarity, influence, wisdom, and the importance of effective communication in leadership.
Connect with William Berenson
Connect with Katrina Burrus
Facebook: https://www.facebook.com/katrina.burrus
More Impactful Episodes at https://mkbconseil.ch/eil-podcast/