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Podcast: My Worst Investment Ever Podcast
Episode: Richard Lawrence – Avoid the Stock That’s the Hype of the Day
Description: BIO: Richard H. Lawrence, Jr., is the Founder and Executive Chairman of Overlook Investments Group, an independent fund management company established in Hong Kong in 1991.STORY: Richard invested heavily in a successful Korean company that brought him great returns until the founder died. The son took over and brought the stock to its demise.LEARNING: If it’s not working, get out. Invest in a company with no or minimal debt. Operating return is the purest way to measure profitability. “I’m a big believer in modest self-financed growth.”Richard Lawrence Gues...