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Episode Synopsis "Research Before Investing to Reduce Investment Portfolio Risk with Ashraf Bava"
Ashraf Bava is currently the Chief Executive at Nael Capital (Pvt.) Limited and a Director at the Institute of Capital Market in Pakistan. Also, he is the current President of the CFA Society in Pakistan, and a Securities and Exchange Commission of Pakistan (SECP) nominated director. Ashraf Bava holds both MBA and CFA degrees and started his career as Chief Security Officer (CSO) at Mobilink in 1995. He joined Elixir Securities in Equity Sales, was promoted to the position of Head of Sales in 2004, and eventually became CEO in November 2005. He joined Nael Capital in 2009. During his career, he was also a consultant at the World Bank Group In this episode, Ashraf shares his painful stock equities investment story because of his overconfidence and improper portfolio approach. "Whatever you invest in, whether it is a stock trade or real estate whatever, just study, read. You have to read. You cannot go blindly into anything without any research." -Ashraf Bava Resources: My Worst Investment Ever Book myworstinvestmentever.com Topic Covered: 00:42 - about Ashraf’s professional and investment background 02:06 - Ashraf describes his level of investing experience 02:54 - Ashraf describes the circumstances that led him to invest in Attock Refinery Ltd. 03:30 - Ashraf being overconfident with his trades and not taking his risk factors 03:50 - investing 80% of his portfolio in one particular stock 04:27 - Attock Refinery stock’s performance when he entered 05:49 - volatility of his stock pick and how wiped up his profits from his 2 years of stock market trading 09:55 - Ashraf’s Takeaways from his investment experience 11:39 - Andrew summarizes the critical learning point from Ashraf’s experience 15:14 - Ashraf’s actionable advice to help listeners protect their investment: Read and consider investing long-term. Quotable Takeaways Lesson 1: Have a proper portfolio approach. Lesson 2: Should have read research at least. What international oil prices are talking about. What my own broker is telling me about with this particular stock. Lesson 3: I could have and I could have more insight into it. And probably I could have made in a calm decision. Lesson 4: You should have cut loss. If something goes wrong that does not mean you just keep on hanging into it.
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