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521 | How NOT To Lose $1M: Win at Investing by Losing Less – Chat with John Addis

What does it really take to become a successful investor? Is it luck? Skill? Or something a little more surprising… like learning to love your mistakes? 😮  

In this week’s episode, we sit down with John Addis, founder of Intelligent Investor and author of How Not to Lose $1 Million: Win at Investing by Losing Less.  

With a fascination for investing and what makes a successful business tick, John specialises in turning complex financial concepts into easy-to-understand, impactful insights. 

Today, we’ll share John’s inspirational journey, from buying his first flat at 21 to founding one of Australia’s most respected financial magazines.  

Along the way, he’s made his fair share of investing missteps – including a $1.4M property mistake – and shares golden lessons that every investor can use to win more and lose less when investing.  


In this episode, you’ll hear:

👉 The biggest misconception about investing mistakes (and why we actually need to welcome them!)

👉 Why most people should NOT be managing their own money

👉 The surprising truth about valuation methods across stocks, property, and more

👉 Why success too early can be dangerous for your investing journey

👉 John’s simple 3-step thesis for long-term investing success

👉 How his leukemia diagnosis reshaped his perspective on money, family, and what really matters. 

For a sharp look into how humans can overcome the psychological barriers that make us terrible investors, listen in now!  


Free Stuff  

  • Ask Opti, your very own TPC podcast companion, ANY property question!
    Opti, your property AI, has been live for ONE week and has received some fantastic questions! Ask Opti your biggest property questions, and it will scour our entire catalogue – we’re talking all our courses, books and 500+ episodes – to find the answer to your questions instantly. To give it a spin, simply text click here to start the conversation on Whatsapp or scan this QR code: 

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  • We’re on the hunt for a Chief Operating Officer!
    If you, or someone you know, who is passionate about financial services, loves putting people first and is fascinated by digital transformation and technology, then reach out to Ben on LinkedIn or find out more about the job here >>   

 

Timestamps  

  • 0:00 – How NOT To Lose $1M: Win at Investing by Losing Less – Chat with John Addis 
  • 1:22 – Opti, your own property AI is here!  
  • 3:52 – Bryce is donating his 50th birthday to cure blindness  
  • 5:49 – We’re on the hunt for our next Chief Operating Officer!   
  • 7:27 – Summer Series 2024/25 starts soon!  
  • 8:08 – Mindset Minute: What success in investing actually looks like  
  • 8:43 – Welcome, John Addis!  
  • 10:32 – The biggest misconception about investing mistakes  
  • 11:44 – Money Story: “Talking about money had a certain level of dirtiness”  
  • 13:32 – From coal miners to caravan trips in Devon  
  • 17:02 – Buying his first flat at 21 years of age?!  
  • 18:26 – Moving to Australia: Finding his feet and first jobs  
  • 21:33 – What it’s like running Intelligent Investor, one of Australia’s cornerstone financial magazines  
  • 23:44 – Doing the Math: Financial planners take more than HALF of your overall wealth
  • 26:25 – Golden lessons learnt from a $5 all-you-can-eat lunch special  
  • 29:12 – The $1.4M mistake John kicked himself over for YEARS  
  • 32:39 – How to overcome any investing mistake  
  • 35:06 – The biggest mistakes made in property & shares  
  • 37:43 – Why the pandemic was a golden opportunity for bargains  
  • 40:51 – John’s investing strategy: Macro vs. Counter Cyclical   
  • 43:05 – Why Flight Centre was a great investment!  
  • 44:51 – Most people should NOT be managing their own money   
  • 47:42 – Price falls: The difference between shops and shares  
  • 48:49 – Success too early is dangerous 
  • 50:10 – Valuation methods are the SAME across assets 
  • 53:55 – How did his leukemia diagnosis change his mindset and attitude toward money? 
  • 58:21 – How much money is enough? 
  • 1:00:50 – John Addis’ thesis for investing in just three steps  

And… 

  • 1:02:40 – Wow, so much wisdom in one episode!   
  • 1:06:16 – Lifehack: How to track a flight from a photograph of the flight numbers?!  
  • 1:08:26 – WMPN:  A new “super silly” homebuyer pitch from the Liberals… 

 

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