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Podcast: My Worst Investment Ever Podcast
Episode: Peter Ricchiuti – Don’t Fall in Love With a Stock
Description: BIO: Peter Ricchiuti is a graduate of Babson College and began his career with the investment firm Kidder Peabody in Boston. He later managed Louisiana’s $3 billion investment portfolio while serving as the assistant state treasurer.STORY: Peter made the mistake of falling in love with a particular stock and hyped it to his clients. The company had no moat and couldn’t stand the competition. Peter’s reputation was severely affected after the stock price fell significantly.LEARNING: Don’t fall in love with a stock. Diversification is key. “If you meet a mone...