Worst and best bets
Q What has been your biggest investment mistake? A My worst investment was in 2009/2010 and it was in commodities. I did not have time to pay attention to the commodities meltdown. I would rather not say how large it was, but let’s say that I would have been better off buying a third property instead.
Fortunately, I have been a good private equity investor. Many of the classes that I took at Booth were strong building blocks for my success as a private investor.
My tip is to always go back to the discounted cash flow valuation method and understand in detail how a company plans to make money.
If you don’t have time to manage your finances or investments, it definitely makes sense for someone professional to do that for you. Q And your best investment? A My best investment has been Go-Jek. I feel fortunate to be part of such a mission-driven company where social impact is not corporate social responsibility but a core component of our strategy.