『My Worst Investment Ever Podcast』のカバーアート

My Worst Investment Ever Podcast

My Worst Investment Ever Podcast

著者： Andrew Stotz
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Welcome to My Worst Investment Ever podcast hosted by Your Worst Podcast Host, Andrew Stotz, where you will hear stories of loss to keep you winning. In our community, we know that to win in investing you must take the risk, but to win big, you’ve got to reduce it. Your Worst Podcast Host, Andrew Stotz, Ph.D., CFA, is also the CEO of A. Stotz Investment Research and A. Stotz Academy, which helps people create, grow, measure, and protect their wealth. To find more stories like this, previous episodes, and resources to help you reduce your risk, visit https://myworstinvestmentever.com/Copyright 2026 Andrew Stotz マネジメント マネジメント・リーダーシップ 個人ファイナンス 経済学
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  • Pierre Rogers - Lessons on Trust, Ownership, and Rebuilding From Zero

    Pierre Rogers - Lessons on Trust, Ownership, and Rebuilding From Zero
    2026/09/21
    BIO: Pierre Rogers is a founder and author based in Irvine, California. After his first company collapsed, resulting in federal prison and $1.6M in personal debt, he rebuilt from less than zero—launching a new company.STORY: Pierre hired his best friend as CFO, ignored repeated warnings from his own team, and watched that one decision spiral into a PPP fraud scandal, a federal indictment, and 18 months behind bars.LEARNING: What you tolerate in the people you lead says more about your judgment than anything you say or do yourself."What you tolerate says more about you than what you say or what you do."Pierre RogersPierre Rogers is a founder and author based in Irvine, California. After his first company's collapse ended in federal prison and $1.6M of personal debt, he rebuilt from less than zero—launching a new company and writing Built by Failures, where he publishes weekly, unedited chapters of his own recovery alongside case studies of famous comebacks like Robert Downey Jr., Martha Stewart, and Tina Turner.Worst investment everPierre's worst investment wasn't a stock or a property; it was trusting his best friend as CFO. He founded Yahyn, a software startup designed to let small and mid-sized vineyards sell directly to consumers across the US, a niche complicated by strict alcohol distribution regulations. Pierre invested his capital and reputation into the company. Then he made the biggest mistake of his life; he hired his best friend as CFO, believing that they shared the same values and goals.They didn't. The CFO routinely showed up late, missed meetings unprepared, used substances during work hours, and went unresponsive for days at a time. Pierre's team members approached him individually to flag the pattern, at real risk to themselves, since criticizing the founder's best friend could easily have cost them their jobs. Pierre dismissed the warnings because personal loyalty clouded his judgment.This behavior escalated during the COVID-19 pandemic, when his friend overstated the number of employees to receive money from the Paycheck Protection Program (PPP). His CFO's fraudulent activity led to a federal investigation, the failure of his business, and Pierre's indictment. That fraud triggered a federal investigation, the company's collapse, and Pierre's own indictment. He takes full ownership: he hired the person, tolerated the behavior, and failed to supervise closely enough to catch it before it became a criminal case that sent him to federal prison for 18 months.Lessons learnedWhat you tolerate in the people around you, especially in a leadership role, says more about your own judgment than anything you say.A bad hire in a leadership role can cost your company, your reputation, and more.If you reinforce negative cognitive biases, you'll see negative things in the world. Try to practice positive self-talk often.Make an active choice to focus on the positive things that matter to you, and the things that you can control. Say no to self-pity.Structure and daily habits—a five-minute nightly log tracking diet, exercise, and a simple self-score—can rebuild discipline and mental clarity even in the worst circumstances.Andrew's takeawaysBefore you sign important things, slow down because once you put your name on it, it's done.When hiring people, try to find people whose values align with yours because misjudging a person's values, not just their skill, can cost you more than money.Actionable adviceDevelop a simple daily habit of tracking your own signals-mood, focus, energy-to uncover patterns that influence your judgment and decisions over time. He says that the same structure works just as well for evaluating a business or a hire: track the small signals daily. Patterns that are invisible day to day become obvious in hindsight.If you're bringing a friend or family member into a leadership role in your business, agree in advance on how you'll raise and handle performance issues, so the relationship doesn't override professional judgment later.Pierre's recommendationsPierre recommends his own project, Built By Failures, where he publishes weekly, unfiltered chapters of his recovery.No. 1 goal for the next 12 monthsPierre's number one goal for the next 12 months is to build a stronger, better-equipped sales team for his new company, so it can scale its reach into more enterprise accounts.Parting words"If you're going through hell, keep going.”Pierre RogersConnect with Pierre RogersBlogAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleFVMR Investing: Quantamental Investing Across the WorldBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsAchieve Your ...
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    38 分
  • Tony Martignetti - The One-Week Fundraising Plan Small Nonprofits Are Missing

    Tony Martignetti - The One-Week Fundraising Plan Small Nonprofits Are Missing
    2026/09/07
    BIO: Tony Martignetti is the author of the upcoming book, Planned Giving Accelerated. He's been helping small- and mid-size US nonprofits launch Planned Giving fundraising programs since 1997. Tony is a lawyer, but he doesn't write or talk like one. He weaves in his background in stand-up comedy and improv to make Planned Giving easy, accessible, and affordable.STORY: Tony returns with a different kind of investment story: how he spent eight months writing Planned Giving Accelerated, a book designed to help small and mid-sized nonprofits launch a legacy giving program in as little as one week.LEARNING: The best fundraising asset most small nonprofits already have is their most loyal, longest-tenured donors, and putting it to work costs nothing but a conversation. "Planned giving is not a conversation about death. It's about life, the longevity and sustainability of your nonprofit's work."Tony Martignetti Tony Martignetti is the author of the upcoming book, Planned Giving Accelerated. He's been helping small- and mid-size US nonprofits launch Planned Giving fundraising programs since 1997. Tony is a lawyer, but he doesn't write or talk like one. He weaves in his background in stand-up comedy and improv to make Planned Giving easy, accessible, and affordable.Tony joins the podcast for the second time. In his first appearance, Ep820: A Flattering Binder and $13,500 Down the Drain, he shared how a $13,500 bet on a flashy Manhattan PR agency taught him to check his ego. This time he returns with the opposite kind of story: a low-cost, three-step system that has helped nonprofits raise nine figures without spending a dollar on PR.What is planned giving, and why does it matter?Planned giving fundraising is the practice of securing long-term gifts made through a donor's estate or retirement plan, rather than a check written today. Tony's new book focuses specifically on the simplest and most common form: a bequest, meaning a gift left through a nonprofit inside a supporter's will.For a nonprofit, these gifts function like seeds planted years or even decades before they mature. Since most bequest donors are in their 60s or 70s when they name a charity in their will, the gift itself may not arrive for another 20 to 30 years. That time horizon is exactly why Tony sees planned giving as the foundation of real organizational sustainability—feeding an endowment a nonprofit can grow indefinitely, rather than a one-time cash infusion that gets spent immediately.The missed opportunity hiding in your donor listTony points out that most nonprofits miss donor opportunities because they don't ask. They already have everything they need to start a legacy giving program and simply never ask. Tony's three-step framework, which he calls the Martignetti Three-Step, One-Week Planned Giving Launch, laid out in the first three chapters of his book, is designed to get an organization from zero to a live planned giving program within a week:Step one: Identify your top prospects by analyzing donors who have shown consistent giving over at least 10 years, regardless of gift size, to ensure targeted outreach.Step two: Start with the simplest planned gift there is, a bequest written into a will, rather than a more complex vehicle.Step three: Cultivate and solicit those prospects directly by initiating a personalized, values-based conversation about legacy, making the donor comfortable and engaged.Tony's point is that a nonprofit does not need a press release, a webpage, or a campaign to say it has launched planned giving. It needs one honest, genuine conversation with the right donor. Have that conversation, and the program is live.Furthermore, he explains, the size of the gift matters less than its consistency. When a donor has given $5 each year for 20 years, it shows a strong emotional connection to the cause and makes them a better prospect for planned giving than a single large donation made one year ago.Why the conversation isn't about deathA common excuse Tony often receives is that conversations about planned giving make people feel uncomfortable or even morbid, because bequests are paid out only after a donor dies. However, according to Tony, this is not a conversation about death but about leaving a long-term impact that a donor has already been experiencing.Planned giving, Tony believes, is different from immediate, urgent appeals based on scarce funds and the need to pay employees' salaries soon. When the conversation starts by mentioning how important it is to keep the nonprofit from running out of money, that is an unsustainable way to fundraise. A nonprofit with enough stability to plan decades in advance is better placed to have a successful planned giving conversation.The data behind love and moneyTony cites research from Russell James, a professor at Texas Tech University who has spent decades studying the psychology and economics of bequest giving using quantitative methods rather than anecdotes. One striking ...
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    35 分
  • Dustin Heiner - Reselling Your Sawdust: The Passive Income Strategy Hiding in Your Business

    Dustin Heiner - Reselling Your Sawdust: The Passive Income Strategy Hiding in Your Business
    2026/08/24
    BIO: Dustin Heiner is a real estate investor who quit his job at 37 with financial freedom and passive income from his real estate investing. Through his coaching, podcast, and YouTube channel, he has helped thousands of people invest in real estate.STORY: In late 2019, Dustin was one signature away from leasing a gym that had nothing to do with real estate, then COVID-19 shut every gym in America and closed the deal for him instead. That near miss led him to a strategy that now runs quietly underneath everything he does: reselling his sawdust.LEARNING: You do not need a new business to build a new income stream. Look first at what your current one is already producing, and throwing away. "How does a smart man learn? He learns from his own mistakes, but a wise man learns from other people's mistakes."Dustin Heiner Dustin Heiner is a real estate investor who quit his job at 37 with financial freedom and passive income from his real estate investing. Through his coaching, podcast, and YouTube channel, he has helped thousands of people invest in real estate.He is also the founder of the Real Estate Wealth Builders Conference, where he brings thousands of real estate investors together to connect and grow their investing businesses.Dustin joins the podcast for the second time to unpack a business mistake he almost made in 2019, and the powerful lesson it taught him about turning overlooked assets into new revenue streams.He first appeared on episode 144: His Life Went From Loss to Success When He Mastered Passive Income.Catching up since 2019When Dustin last appeared on the show, real estate had just freed him from his day job. Years later, the numbers have grown considerably. He now owns more than 30 single-family rental homes and is assembling a further portfolio of nine to twelve properties. Some individual properties bring in around $3,000 a month in passive cash flow.But Dustin focuses not on the money he makes, but on the mindset behind his investing approach. He does not own a portfolio of properties and hope the market carries them higher, the way you might watch a stock. He runs a business built on real estate, and every property in it earns its place as inventory, not a bet on appreciation.The gym that almost sank a real estate empireDustin's core business has always been real estate. But in 2019, while his rental portfolio was thriving, he took his eye off the ball and chased a passion project: opening a gym. Dustin spent months trying to buy a property to set up the gym, but he couldn't find one worth the price, so he decided to lease space instead.This business model was completely outside his real estate expertise. He was about to sign the lease when COVID-19 hit, and gyms across the US were declared non-essential and shut down.If Dustin had signed the lease, he would have been obligated to pay rent for a closed-down business with no income. This would be his worst deal, even though he didn't make it in reality. What Dustin really lost was the time and attention he should have put into investments already making him money.Reselling your sawdustThe lesson Dustin took from this experience is a concept he calls reselling your sawdust, a more practical way to earn passive income. To explain this concept, he describes a sawmill. Its main product is lumber, but it also produces sawdust, a byproduct that usually costs money to burn or haul away.Instead of treating that sawdust as waste, some sawmills package and sell it as bedding for gerbil cages, compressed fire-starting logs, or filler in other products. The "waste" becomes a second profit center with almost no extra effort, because it was already being produced.Dustin argues the same opportunity exists inside almost every business. His sawmill is real estate. Everything else—his knowledge, audience, systems, and industry relationships—is sawdust. Instead of chasing an unrelated venture like a gym, he found more value repackaging what his core business was already generating for free.Five income streams built from the same sawdust pileDustin's business now includes several ventures that all trace back to the same real estate sawmill:Education: The Master Passive Income podcast and YouTube channel, which grew out of simply teaching people what he already knew about running rental properties like a business.Community: The Inner Circle, an in-person mastermind hosted in Nashville, plus an annual Mastermind in Paradise cruise to the Bahamas that doubles as a tax-deductible retreat.Software: From his internal systems and processes, Dustin built Income Builder, which systematizes the exact process he uses to vet, buy, and manage his own properties, so his coaching clients don't have to guess.Sponsorship revenue: Dustin now has more than 2.3 million podcast downloads and roughly 500,000 followers across social media, including about 300,000 on Instagram alone. This is an audience sponsors pay to reach.Done-for-you investing: The Portfolio Builder ...
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    32 分
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