I Lost Millions So You Don't Have To

I'm sharing my biggest mistake by shorting Nvidia Stock. I'm also sharing all my other biggest investing mistakes in the hopes that no one else would repeat my past mistakes. I believe in what Charlie Munger said, "The human mind tries to make you believe you are smarter than you are. Rub your nose in your mistakes.”

#ValueInvesting #EverythingMoney #StockMarket

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[ADDCee]

Props for you Paul for touching on the nvidia short and not dying on your sword in silence. No investor is perfect and it takes balls to publish your failures online for all to see. NGL, I hoped this type of video would be released, as it addresses a lot of the noise out there as the short position goes against so much of what you're teaching on your channels. Now your following can learn from your mistakes without going through it themselves, and I'm sure you've also learned even more from these experiences to impart to others.

[CollinWillette]

"Honest Paul!" May you keep being brutally honest with your viewers.

[guillermogic]

Letting go of the guy with the beard was definitely the worst decision

[garys.]

Don’t forget how he shrugged off his loss and reminded viewers how rich he is (he did a bit of it in this video, too). 1) I’m not sure I believe him. 2) He doesn’t give two shits about the morons he’s scamming with his ridiculous software. I’m so glad my brothers don’t have this dude’s personality.

[cokechang]

I just think ppl should stay away from shorting, shorting introduces an new unpredictable factor in “Timing”. Even if you made the perfect analysis and the company you shorted ultimately fails, you could STILL lose a ton of money because you got in at the wrong timing

[andrepoon]

Just never short. Because you are betting against human ingenuity / progress

It’s the complete opposite to buying index funds

[RIGHTNOW]

I bought Tesla at 28 and sold at 33 back in 2013 and never got back in. At the time I was thrilled. Still the dumbest move I've made in the market.

[bovfpyw]

What are the best additions to a $500k portfolio to boost performance? S&P 500 is Up and will do better in 2024 I believe as indicators for profits continue to improve, investors like me believe that “Santa has come early” to the markets.

[BradfordSmithD]

I don't know why anyone would short with unlimited downside instead of just options trading

[owaisaa]

why would you short anything when the max upside is 100% and the loss is infinite. doesn't make any sense whatsoever.

[ryanjessicazombek]

Props for being honest Paul. Nice job!

[kcirdorb]

I bought into the EV hype and bought CHPT...lost 89% of my money

[Lycan]

Nio at $30 ....memba waiting for earnings meeting and it never happened because they decided to cancel thier earnings report and the stock plummeted through the floor...last time I bought a Chinese stock

[cggross]

Im dominican and live in DR, 90% of my financial decissions that have been taken from Paul's analysis and reviews have done very well for me. Keep on guys

[zebbie]

If I ever shorted something, I would do it through options to limit risk….

[joesmith-pbvn]

Don’t forget u were wrong about PLTR as well!

[mok]

Jesus...
Why you shorting the best companies in the world...

[balancesheetsmatter]

Maybe Paul will eventually evolve enough to realize he sucks at valuing stocks and he should stick to index fund investing…. Just imagine if he invested in the S&P 500 rather then shorting Amazon 10 year ago how much more wealthy he would be 😮

[houseofdead]

Good video Paul, thanks for being upfront. One thing i would say is that you keep calling Nvidia overvalued when infact its forward PE is 38(doesn't seem that crazy to me especially when it's growing so quickly)

[Synthminator]

Shorting the "biggest kid on the block" is just plain stupid, even if overpriced. Its not investing, its not trading, its ego...and that is a poor decision. Love you guys anyway! Cheers