In this episode, we look at the explanation on the company’s stock fell 97% in 8 days. This is episode 90 of Value Investing in your Car.
I’m curious about everything so this leads to a range of reading and learning outside of value investing, finance, and investing.
In these Value Investing In Your Car episodes, we talk about some of these things and much more to help you become a better value investor faster.
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- What mental models I use
- When does value investing work best
- Where it works
- What book reviews I have from everything I learn from
- What is the most important thing I learned in 2017
- How to learn faster
- What are the 4 most useless investing metrics
- If I could only use 3 investing metrics, what would they be
- And much more…
Things have gotten a bit nuts in the market in recent months.
From huge thousands of points swings up and down.
To mass unemployment worldwide.
To horrific economic data.
The coronavirus is wreaking havoc on the world.
In the last couple of weeks, I told you how Hertz Car Rental Company filed for bankruptcy, why their stock was “worthless”. According to its own filings, how they planned to sell stock in a disgusting way, and then how the SEC stopped the sale of new stock.
Today I want to tell you how one stock fell 97% in 8 days.
Let’s get to it
Company’s Stock Fell 97% In 8 Days: Value Investing In Your Car Episode 90
In this 18 – minute video I talked about the following things:
- What happened to Wirecard
- Why its stock dropped 97% in 8 days
- Why there were multiple red flags going back months
- My #1 rule in investing
- And more…
What did you think about the video above? Let me know in the comments below.
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Here are the sources I mentioned in the video above:
- Wirecard’s Suspect Accounting Practices Revealed
- Wirecard Timeline of Events
- Wirecard CEO Arrested
- Probably Doesn’t Exist Wirecard Missing Cash
- UPDATE AS I’M GETTING READY TO PUBLISH THIS ARTICLE – Wirecard Stock Up 150%
- Don’t invest in Wirecard
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P.S. If you want to watch our other Value Investing In Your Car Episodes you can do that by clicking here.
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