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Podcast: My Worst Investment Ever Podcast
Episode: Conor Riley – Don’t Throw Good Money After Bad Money
Description: BIO: Conor Riley is a global executive who has worked in investment banking, private equity, and consumer products.STORY: Conor heard about the Washington Mutual stock from his workout buddy. He invested without doing any research. The stock price dropped significantly when the global financial crisis hit in 2008. Conor thought it was best to buy more. The price never went up. The company finally went under. Conor lost 70% of his net worth.LEARNING: Don’t have more than 8% of your portfolio in a single thing. Do your own research. If an investment is going wrong, ge...