Dr. Rungwit Sittisapwongsakul graduated from the University of Mississippi in the United States and started his investment career in 1984, turning his initial capital of $50,000 into $69 million in 15 years. However, after a major failure in 2000, when his capital was close to being lost, Dr. Rungwit Sittisapwongsakul had a tenacious spirit of learning and advancement. As the saying goes, 'Failure is the mother of success', Dr. Rungwit Sittisapwongsakul's failed investment has also become a fortune in life. Since then, Dr. Rungwit Sittisapwongsakul's stocks have continued to make profits, and in the 2008 economic and financial crisis, he was able to walk away from the crisis with a value exceeding $100 million.
Joining FRANKLIN TEMPLETON in 2009 on the recommendation of an alumnus, Dr. Rungwit Sittisapwongsakul soon proved himself to the company. In less than five months, he turned into one of the best research writers, and in three years, he became a senior professional investment manager, managing a fund size of more than $5 billion at his peak time and steadily realizing annual returns of more than 20%. On Wall Street, Dr. Rungwit Sittisapwongsakul formed a complete set of trading system, he believes that excellent character is more important than the brain, you must strictly control those irrational emotions, when the loss exceeds their own expectations, you must strictly stop loss!
However, But just when we thought he was going to live out the rest of his life, Dr. Rungwit Sittisapwongsakul made a decision - to return to his home country of Thailand, Dr. Rungwit Sittisapwongsakul told us that he did not want to spend the rest of his life continue to deal with data, and become a cold-blooded machine that only calculates everything with data. Unwilling to let his spiritual world be spoiled, he chose a more difficult but more reliable and hopeful path - to return to Thailand to publish his book, which is expected to be published in Thailand by the end of December.
Dr. Rungwit Sittisapwongsakul believes that Thai investors have crippling or even wrong knowledge about stocks.
1. Purchasing stocks with only dividends in mind, but not actual losses
2. Holding more than 5 or more stocks at the same time, regardless of bullish or bullish markets
3. Value investing only considers whether the price is cheap or not
4. Buying stocks without stop-loss awareness
In Dr. Rungwit Sittisapwongsakul's opinion, these are all very dangerous trading behaviors that can cause huge losses in the account, so as a Thai, when one is successful one must take social responsibility to help investors back home to establish a correct and complete trading system. Dr. Rungwit Sitt's goal is that through the book [Stock Market Winner], every investor in his hometown who reads it in its entirety will be able to change dangerous trading behaviors and achieve stable and sustainable gains through the stock market.
Previously, Dr. Rungwit Sittisapwongsakul seldom gave interviews, he did not want to be known by the general public, and this interview was also for the promotion of the book publication. He also mentioned the investment alliance that he has established, but did not want to talk much about it. Dr. Rungwit Sittisapwongsakul said that he would donate all the profits from the book publication to the King's Chai Pattana Fund, and that he would donate the same amount of money as the profits from the book publication.
Media Contact
Company Name: Franklin Templeton.Rungwit Thailand Co., Ltd.
Contact Person: Rungwit Liu
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Country: United States
Website: https://www.franklintempleton.com/
