Joachim Klement – 7 Deadly Investment Mistakes You Should Never Make

For the first time in this podcast's history, we’re having a guest come on the show a second time! For the long-time listener, you may remember today’s guest’s story of loss in episode 41 Diversification: The Best Insurance Against any Investment Burst. Joachim Klement experienced his worst investment in the early 2000s during the Dotcom bubble after investing in a tech fund. Sharing his story on our podcast inspired him to write the book 7 Mistakes Every Investor Makes (And How to Avoid Them): A Manifesto for Smarter Investing. It’s a huge pleasure to have him back on the show. In this episode, he will walk through the 7 mistakes he talks about in his book. Guest profile Joachim Klement is a research analyst and former Chief Investment Officer with 20 years’ experience in financial markets. He spent most of his career working with wealthy individuals and family offices, advising them on investments and helping them manage their portfolios. Joachim studied mathematics and physics at the Swiss Federal Institute of Technology (ETH) in Zurich, Switzerland, and graduated with a master’s degree in mathematics. During his time at ETH, Joachim experienced the technology bubble of the late 1990s firsthand. Through this work, he became interested in finance and investments and studied business administration at the Universities of Zurich and Hagen, Germany, graduating with a master’s degree in economics and finance and switching into the financial services industry in time for the run-up to the financial crisis. 7 Mistakes Every Investor Makes (And How to Avoid Them): A Manifesto for Smarter Investing Seven Mistakes Every Investor Makes (And How to Avoid Them) calls upon years of experience and scientific research to deliver expert insight into the most common mistakes plaguing investors. From there, Klement outlines his personal tools and techniques, developed, refined, and successfully implemented over many years in the finance industry, to help avoid and mitigate such mistakes. His ultimate aim: to help you help yourself. The mistakes covered include forecasting, short- and long-term orientation, repeating past errors, confirmation bias, not delegating to experts, and blind trust of traditional assumptions. Seven Mistakes Every Investor Makes (And How to Avoid Them) is a must-have guide for every investor. Packed with scientific research and personal wisdom, this book draws together the most common investing mistakes to practically revealing how to overcome and eliminate them. Don’t make another avoidable mistake by missing out on this book.   “I think artificial intelligence and other new tools built on big data...