Hey, this is Tom Nash and this is going to be a lot of fun. In today's video, we're going through the worst stock picks I had over the past three years now. The thing is that YouTube Finance kind of has a tendency to embellish results every single Finance YouTuber is trying to show that they've never had a bad pig and they emphasize the good results they had now. I Get it.

I Don't hate the players I don't hate the game. but what? I'm here to tell you that I think it's a little bit counterproductive and I'll explain why I'm not hating on people who are doing that, but look I work for over a decade as a senior manager for Deloitte and in Deloitte which is a massive Global Corporation We had this rule that no matter how bad you screwed up, this screw-up is not going to be swept under the rug. It's not going to be ignored. It's not going to be embellished.

The idea is, take the scrub. Take this mistake and learn from it. Get some benefit out of it. Get some IP intellectual property out of it.

So next time you can get better and improve your results. So this is what I think this video is for for. It's not about making myself look better or worse. It's not about exposing other people, it's about learning from the mistakes.

Let's take a look at every single bad pick I had as you can see on the screen right here and let's learn from them now. Look, the idea here is that you're not supposed to hit every single stock right. Over the course of three years, you're going to have a lot of bad calls. Guys like: Peter Lynch like Warren Buffett They get it right.

67 of the time nobody gets a hundred percent Steph Curry shoots three pointers the best that ever done it. He shoots 40 from the field Michael Jordan missed a lot of shots. You get the idea. The idea is to get it right more and more often than you get it wrong.

but there's no way there's no way anybody could get it 100 right. We ain't a fortune tellers. we don't have a crystal ball. We're gonna get a lot of these wrong.

But the idea here at least the one I want to promote in this video is to learn from these mistakes and not to try and delete them and hide them so that people think you're some sort of a God or an oracle I'm not I'm just a regular AI with an opinion of course this is not Financial advice you got to do it on Research just my opinion might be an accurate, might be right, might be wrong, might be the ramblings of Amendment. You know the drill. Now look what we're going to do in this video is going to go through the mistakes so let's get it on the road right now. First of all I want to show you this stock right here I Got in at 160 dollars.

we got out at 207. great that was Tesla. But if you ignore Tesla right below Tesla we have a mistake. I got in at 488.

Currently the stock is at 403 dollars. We're talking of course about Netflix Netflix is a stock that I screwed up on and I'll explain why. My thesis on the stock was absolutely wrong. and that thesis cost me about what? 88 dollars per share right here? The idea is that Netflix thrived as a Content aggregator when Netflix could basically take content from every single content producer out there and basically put it on their platform is invest zero dollars in producing new IP and make money.

That was a great model. Everybody was winning if I was making movies and I get to put them on Netflix extra income for me as a studio, right? But then everybody saw. if there is still a problem, you know what the reseller problem is if somebody's reseller of products. If I'm a reseller for Apple products, the problem is if I'm too bad at my job, they're gonna shut me down.

But if I'm too good at my job, they're going to take over the store and sell it themselves. They won't need the middleman. So that's essentially what happened with Netflix the studios. They realize they don't need this middleman right here, and they all produce their own streaming services.

Disney Plus Hulu Amazon Prime Etc et cetera, there's a gazillion of them right now out there. Netflix Basically became from a Content aggregator with zero dollars spent on making their own original Ip into a company that had to create content. Now Netflix has no expertise in creating content. They don't know how to do it cheap.

They don't know how to do it Point Blank Period. So they ended up spending gazillions of dollars on making original. Ip They didn't get them new subscribers and now they're suffering. So the thesis was basically that Netflix could make their own content.

They can't It's too expensive. They don't have the expertise, they don't have the IP They couldn't do it, but they're still hanging on, but just by thread. If I had to go back and decide, I would have never come near this stock. So lesson learned.

So now that we know that Netflix is one thing we want to take a look at, let's take a look at another stock we actually screwed up on. Which is this stock right here? DraftKings Now I've conveniently left paletir out of this since I Entered at 18 and currently it's at 14 and a half dollars because the jury is kind of still out in Palantir. Let's put it this way: I Think Palantir has a lot of potential I'm not willing to call it a mistake because I think this thing is going to a trillion dollars so it is currently down, but you have my opinion volunteer. You don't need me to talk about Palantir in this video.

We spoke plenty of it. Let's talk about DraftKings 52 Entry point currently 24 Massive screw up. What happened? Well, what happened with DraftKings essentially is that I miscalculated the client acquisition cost DraftKings have nice growth DraftKings have a nice business but the idea is that their cost of client acquisition, the amount of money they have to spend to get customers is just too much and they can't break through. They're just spending too much money on advertising.

and Business Development they can't make a profit. And because they can't make a profit and this economy in this macro in this interest rate environment, they're getting no love. So that's what's happening with DraftKings Investing in unprofitable companies with massive growth when you're going into a recessionary cycle and interest rate hikes is not a good idea. boys and girls.

Now moving on to another company. Right now, let's take a look at what else we have here. we've done. DraftKings Let's go up a little bit.

Um, let's take a look at Adobe right here. So Adobe is a company that I'm not going to call a loser by any stretch of the imagination. This is Adobe right here and Adobe is a terrific company. I mean look, we got in at 482, it's currently at 426.

I think it's a terrific company. What I think is happening with Adobe is that they've been late to the AI game They have all the infrastructure. they have the SAS platform every single creative uses Adobe Adobe is in every single computer of anybody who makes any content. graphic design Photoshop Adobe Premiere The problem is even though they have the platform, they've been late to the game.

They like the Toyota of the SAS industry. They haven't implemented AI in their tools which would be super easy for them because they already have the traffic and now they're being basically killed by the industry. So the minute Adobe wakes up and says hey, if we just Implement AI into Photoshop for example and make Photoshop more accessible to noobs and novices and intermediate users who can voice activate Photoshop to you know, generate stuff or Premiere or stuff like that, they're going to hit it big because they already have the traffic. They have the income.

They have the clientele list so I think Adobe is just waiting like a Toyota to get in the EV game. So Adobe is waiting to get into the AI game which I think is going to happen for them. so that's why they're not crushing. Um, now let's take a look at another stock right here that we actually didn't really hit on this company called check CAP right here.

So check app is a medical devices company. Entered the 240 dollars currently 1.55 The problem with this stock essentially was that this stock is a medical device company. It's an early stage pre-revenue company. They're in clinical trials, so I wouldn't say this was a mistake.

It's just a zero-sum game. This thing is either going to go to a billion gazillion or it's going to go to zero. The staff are going to revolutionize the way people screen for colorectal cancer or it won't. So this thing is either going to go to zero or not.

So I don't care about the intermediate performance of the stock, this thing is gonna be. You know it's going to be worth a lot of money or no money at all. So this price swings are basically emotional reactions to whatever's going on right now with the clinical trials. With the regulatory stuff, it's basically meaningless.

so it actually might be worthless. Or it might be worth a lot of money. Who knows? Not yet. So this isn't really a mistake.

Another company I Want to point out here is this company Max linear. So Maxine we got in at 36 currently 28. And just to summarize company Essentially this is a this is a play on the semiconductor industry so to speak. That industry hasn't been doing too well.

I had the same thing with Micron the same thing with another company I'll show you in a second Qualcomm So it's just the chip industry not doing so well I Think they can still come back. They're a nice little company to to keep it an eye on, but it's just kind of the macro. You know, the macro hasn't been kind to these companies. The macro hasn't been kind to chip makers in general.

so that's the way it is. Sometimes you hit it right, sometimes you don't. It's just the way it is part of the game. Moving On Moving On Moving On let's look at another company right here.

Okay now, uh. this company right here. We got in at 126 dollars currently at 98 TSM Anybody knows what TSM is Taiwan Semiconductor Another chip manufacturer fears over the Chinese tensions. In general, the semiconductor industry has been kind of hitting a little bit of a roll bump.

So the roll bumps of the chip industry plus the worries of what's going to happen with Taiwan and China that really cost me a lot of money here. I Think my biggest mistake here was looking at how great TSM is the ones semiconductor their? Monopoly But the problem is even I of all people of all people, I undervalued the Chinese geopolitical risks for this company. Unbelievable! So it's kind of ironic that I was the one who did it. But yes, I did it to myself.

So moving on to another company I Want to take a look at here? We got in here by the way. Oracle we're getting in 61 currently at 106 People gave me so much hate for this Oracle is a dinosaur Oracle is finished my guy I went from 60 to 106 dollars. Go back and look at my video. all the hate comments I got for this thing.

It was absolutely unbelievable. Um and Microsoft same thing at 212 and 332. I mean there's a lot of companies here. We hit it big.

A lot of companies we didn't It's part of the game. You just have to take the good with the bad coming up. Some bad stuff. Yeah, there's a lot of bad stuff right here.

Let's take a look at this. It's a bunch of stocks that we didn't hit big. Um Bcrx another medical device company sorry a pharmaceutical company. similar stuff Pharmaceuticals Car price 839 a publication day price was ten and a half dollars.

Again, this either goes to the moon or goes to zero. Same thing as checkup. This is a long term waiting game. There's nothing to do here but wait.

Fortinet Cyber Security Company absolutely got hammered from 148 to 68. This is a dinosaur. They're getting killed by other companies in the cyber security with better technology with more. Innovation They're a dinosaur that got destroyed and I should have known better.

Always look at the technology, look at where the company is headed. I I was focusing on the strength of the financials. the balance sheet. All these things that accountants like.

Their numbers were great, but I didn't do enough research about the technology. It's obsolete. They're getting hammered by competition and it is what it is. And Banks Wells Fargo and Citigroup are down big.

But we know why banking industry is currently getting hammered because of the banking collapse. We could not have seen this coming. So there's nothing I can do here. Just wait.

I Think banks will come back, but that's just what happens when the Feds screws things up and destroys the banking industry. All of us who invested in Banks suffer a few companies here I Want to show you by the way, this is one of my favorite companies Diamond Hill and nice little steady return I Call this the Warren Buffett Poor Man's Warren Buffett and it's doing okay and crowdstrike is down from 177 to 157. Unprofitable company with massive growth, massive potential. This is a macro punishment.

I Think this company has a lot of potential. so I'm gonna call it a future winner. but currently you know High interest, no profits. This is what you get Amazon The sickness of the retail business keeps dragging this company down despite how great AWS is.

Should have known better. Qualcomm Just posted about this on our Patreon, so just a quick shout out. So I Just posted about Qualcomm this company on our patreon I Think it's a terrific dividend play I Made a whole review on our Patreon page Patreon.com Forward slash: Tom Nash Go check it right right now. It's five dollars per month for the price of a cup of coffee.

You get stock analysis like this I Talked about Qualcomm I Think it's terrific example of long-term patient discipline. long-term investing. They have a nice dividend yield. They have the absolute one of the previous financials we've seen.

They have the setup they're in the semiconductor business but more on the side of Mobile so that the mobile chip kind of a play. I Think they have a lot of potential. they're currently at one what they are 115. I think at 110 105, you could probably pick it up and go back all the way to 150 with this within two or three years.

And just another way way to learn long-term investing again. we're teaching a system here. We're teaching a method. It's all about discipline and following your rules even when things don't go well.

So Qualcomm is one of the companies I like I Talked about it in April 2021. It's down right now. I'm buying more and I posted about this on Patreon. Why? Because there's a system.

There's A there's a strategy. There's a discipline here, which that's exactly what we teach on. Discord On Patreon, we have a 4 000 member Community right now. You should check it out.

I'd love to see you there. The link is going to be below. It's literally five bucks per month. Try it out for a month.

Come on, you owe it to yourself and moving on to some other companies right here. Let me erase this. all this um stuff right here. and yeah.

Disney Disney Disney Disney Oh my goodness. got wrecked in Disney The losses from the streaming platform Kathleen Kennedy and Lucasfilm have absolutely destroyed me. What have they done with George Lucas Legacy oh my. God Micron got also destroyed.

same thing, semiconductor industry is not doing so well. recession fears, etc etc. should have known better on both of these stocks. I Can't believe I Let Kathleen Kennedy ruin my portfolio.

All this stuff we did well on and Meta. We're still down a little bit here on Meta. but I mean it's not too big of a problem for Meta is going up I think we got in at 331 currently 272. it's going to go back up.

I'm not even concerned. J J is pretty much flat. Not concerned. That's a nice little anti-recessionary play.

I Like having ginger in my portfolio even though sometimes it goes down. Hey, let's keep scrolling right here. Um Procter and Gamble is down. but minus Kelly Uh, by the way, this is this is the stocks I Hated on and right this is Lordstown Airbnb uh Nikola Nndm and Doordash.

I mean all of these stocks, by the way, have done as you can see right here and negative return of 69. So at the very least, at the very least, at the very least, the stocks that I hated on right here all went down. They're all big in the red and down 70. So at the very least, I can call the losers if I can't even call the winners.

We're still up here a little bit on our portfolio. We had a rough year. There's no there's no sugar coating it. Currently we're up two and a half percent overall the portfolio since the exception day, so we got out of the rut.

but we're still a long ways away, mainly because of my high allocation to palantir. I'm very exposed to palleteer about 40 of my portfolios and volunteers, so that's why my portfolio is getting dragged down. It is what it is Again, if you want to learn the system, if you want to learn the discipline. If you want to create this investing philosophy see, you can retire, look whether you're 20, 30, 40, 50 right now, there will be a point in your life where you're going to have to spend 20 years without any employment, any income.

You're going to be retired for 20 years so you can rely on the government check or you can rely on something that you build for yourself through long-term discipline. DCA Dollar Cost: average investing into great companies not chasing Lamborghinis I'm building my pension fund right here and if you want to learn how to do it, if you learn the system with us, join our Patreon and Patreon.com Nash join our 4 000 member Discord Come learn with us how to create long-term generational wealth for you and not Chase quick short-term Fomo and get screwed. Now as always is this video is also sponsored by my own platform. Stock MVP Stock Dash Mvp.com The best platform to research individual stocks.

Check it out! The link is going to be below. We have a promotion right now. You can get it at 50 off using the code last 50. everything is in the description below.

Check it out! You can actually try it out for free for a week before you decide if you want to pay for it or not. I Highly suggest you do. Thank you so much I'll see you next video. Foreign.