How Poor Execution Turns a Great Idea into the Worst Investment
Prelude In early 2017, I was shown an opportunity to invest in a US$6.5m simple agreement for a future equity (SAFE) note issued by BuildDirect.com Technologies Inc., a $1bn Canadian e–commerce company. All of business’ facets looked solid My client had made previous investments in the company and had a strong conviction in the team, the company, the market and this “new marketplace” opportunity. The company sells heavy construction supplies, such as tiles and…
Read Full PostFalse Hope, Poor Due Diligence Blinds Oil Industry Investor
I invested in an oil and gas industry offshore support vessel company in the first quarter of 2014, driven mainly by the desire to cash in on the presumed success of its parent company—an oil and gas industry engineering, procurement, and construction firm.
Read Full PostConfessions of a Crypto Lemming
Even though I made some money out of it, I would personally consider it to be the worst investment I have made so far because when I saw the crypto market crash in the early part of first quarter 2018 I realized I got REALLY LUCKY!
Read Full PostInvestor Paid the High Cost of Inertia
If something is great, and you use it and love it, and everyone loves it, maybe you should invest in it. I started using Amazon.com early on, say around 1998.
Read Full PostHow a ‘Good Company’ Can Still Mean a Bad Investment
During my very early days as an equity investor, I invested in a high-quality coal miner that was the market’s darling at the time. It had survived the 2008 financial crisis unscathed and delivered stellar returns in a falling market.
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