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Podcast: Australian Investors Podcast
Episode: Psychology, gambling, investing & writing, a discussion with Graham Witcomb, CFA
Description: This conversation is fascinating in more ways than one. Probably the most interesting story was how Graham took steps to make his first ever investment in the deepest, darkest moments of the GFC. Graham bought $2,000 of shares in an investment bank (Macquarie, of all things), then took on a loan to participate in a capital raising ($15,000), and then took his capital and used more leverage to grow his total investment to around $50,000.As Graham attests, his first investment was mostly luck, not skill. However, it serves to set the scene for the direction of the conversation with...