David Gardner: My Biggest Investing Mistake, And How Much it Cost Me

David Gardner: My Biggest Investing Mistake, And How Much it Cost Me
Journey in your mind back to March 2002. The stock market was still stumbling around in the aftermath of the dot-com crash, and retail investors were running scared. It was into that environment that Tom and David Gardner launched a monthly newsletter featuring one stock pick from each brother, with detailed explanations about why they’d been chosen — a friendly fraternal competition that became the foundation of the Stock Advisor portfolio. The returns on those investments have well outpaced the broader market gains in the ensuing 16 years. Had you acted on all of their recommendations, you’d have reaped a market-mashing 1,955% return overall.

Profit, however, isn’t the only thing the Gardners have accrued in the intervening years. They’ve also figured a few things out along the way. So, in this Rule Breaker Investing podcast, David Gardner shares, not stock picks, but interesting conclusions — six of them — from his 200 months selecting recommendations for Stock Advisor.

In this segment, he runs through the 10 worst stocks picks he’s made. But more tellingly, he tells us what his actual worst investment move was — because it isn’t one of the ones on that first list.
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David Gardner: My Biggest Investing Mistake, And How Much it Cost Me