Lo Kheng Hong Mentions The Reason Retail Investors Often Lose: Because They Listen To Influencers More Than This Simple Me

Illustration. (Photo: Doc. Antara)

JAKARTA - Seasoned investor Lo Kheng Hong mentioned one of the reasons why many retail investors experience losses in investing in stocks.

This was revealed by the man referred to as Warren Buffet Indonesia in a podcast hosted by conglomerate Hermanto Tanoko on his personal YouTube channel.

"But how come there aren't many people who can be like Mr. Lo? Mr. Lo, Mr. Lo, who have appeared, are not as many. What I hear, people in stocks continue to experience losses, continue to have bad experiences, "asked Hermanto Tanoko, quoted on Friday July 15. Thursday (14/7/2022).

"Because I said earlier, they buy stocks, they buy cats in sacks. They don't know what they are buying. They only hear about influencers, pompom builders are finally caught in a trap and no one follows this simple me," replied Lo Kheng Hong.

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"But simple also takes patience to wait," added the man who is familiarly called Pak Lo.

Lo Kheng Hong himself has invested in stocks since 1989 and is currently the largest retail investor.