Teeka Tiwari is the editor of the Palm Beach Letter for the Palm Beach Research Group. As one of the first investing experts to explore cryptocurrencies, Teeka Tiwari is a financial pioneer. The former hedge fund manager and Wall Street executive recommended Bitcoin and Ether in 2016 when they were trading around $400 and $9, respectively. And that was just the start.
As a child, what did you want to be when you grew up? In what ways does that relate to what you do now?
I grew up in England’s foster care system, in an unheated room over a garage. There were days I didn’t eat. I remember cutting out photos of America from travel brochures and taping them above my bed, dreaming of a better life.
At 16 years old, that’s exactly what I did. I travelled across the Atlantic Ocean to the United States. All I had was the clothes on my back, and $150 in my pocket.
My dream was to work on Wall Street.
For my first two years in America, I worked all sorts of odd jobs to get by.
Then, one day, thanks to a friend, I managed to get an interview at Lehman Brothers. I didn’t have any qualifications. But I offered to work for free. The hiring manager admired that and offered me a job.
I worked 60 hours a week. I only got paid for 29 hours, so they could avoid paying me medical benefits. At the time, I was making the princely sum of $4 an hour.
At night, I worked on a loading dock in Brooklyn. On Saturday and Sunday, I worked 12-hour shifts as a cook in a restaurant in Queens, New York.
In the meantime, I got licensed to become a broker. Slowly but surely, I rose through the ranks. Within two years, I was the youngest vice president in Shearson Lehman history.
After my 15-year career on Wall Street, I started and ran my own international hedge fund for a decade.
Over the years, I’ve made millions of dollars investing, both in and outside the stock market.
But I haven’t forgotten what it feels like to not have enough money for groceries, let alone the bills. I remember going days without eating so I could make the rent and electric bill. I remember what it was like growing up with nothing, while everyone else had the latest clothes, gadgets, and toys.
What steps do you take to ensure that your organization’s activities are in alignment with the company mission, core values, and vision?
My publisher – Legacy Research Group – accepts no outside advertising. The sole source of income is from subscription revenue. This immediately does away with the bias and “blind eye” reporting we see in much of the traditional press and Wall Street-sponsored research.
Our mission is simple: Find the best investment ideas in the world and articulate those ideas in a way that anyone can understand and act upon.
Name two organizations or well-known businesspeople you admire and explain why.
Growing up, I used to get into a lot of trouble… especially after school. I also spent much of my early childhood in and out of hospitals, with a kidney disorder. So after-school programs and pediatric care causes are close to my heart.
In my adopted home of Puerto Rico, I support two organizations doing great work. The first is the Boys & Girls Club of Puerto Rico. It provides much-needed after-school programs for children. The other is an organization called Fundación Hospital Pediátrico. It is committed to improving pediatric medical care.
What are YOUR main performance indicators? How are they measured and echoed throughout the business?
In the subscription publishing business, people vote with their wallets. So we watch renewal rates and cancel rates.
The bean counters tell me my letters have some of the highest retention rates and lowest cancelation rates in the industry. So we’re clearly doing something right. But above and beyond the numbers, we are always asking ourselves “does this idea serve the reader?”
If you focus on always serving your customer, first and foremost, everything else falls into place.
What are your top three priorities for the business?
- Serve the Reader
- Focus on the process
- Provide the best investment ideas
How do you fight complacency and mediocrity?
The late Andy Grove, the former CEO of Intel, wrote a book called, Only the Paranoid Survive. For me, I am always paranoid about the competition. When I feel like taking my foot off the accelerator, I remind myself that there are thousands of driven competitors out there, hungry for the success I’ve been fortunate to secure.
The world doesn’t stand still, and I realize I can’t either. I love my work, but even if I didn’t, I have trained myself to work as if the Devil is on my heels.
I’m a firm believer in the idea there is no such thing as wasted effort. Committing your all on every task is its own reward, regardless if you get the outcome you intended. This is because when you commit yourself to doing great work, you are automatically leveling up as a human being. You are improving your skills and growing in ways that will pay dividends across your entire life… not just your career.
What has been the most impactful lesson you’ve learned as a business leader?
In 1998, I made a small fortune going short during the Asian crisis. But then, I got greedy and hung on for too long. Within a three-week span, I lost all I had made—and everything else I owned. Many millions. I was ultimately compelled to file personal bankruptcy.
But two years after losing everything, I rebuilt my wealth in the markets and went on to launch a successful hedge fund.
That’s when I developed a newfound appreciation for risk. I made risk management my No. 1 priority. So today, I teach individual investors how to grow their money safely, through rigorous risk-management strategies.
What’s the most critical piece of business management and leadership advice you would give your younger self?
Focus on the process, and the outcomes will take care of themselves. To me, “focusing on the process” means getting incrementally better every day at the fundamentals of your chosen career/business.
Cryptocurrency expert Teeka Tiwari helps Investors make Life-changing gains with Limited Risk
Who knew Bitcoin and Ethereum would skyrocket in value? Teeka Tiwari was telling his students to invest when Bitcoin value was still at just $10. It soon rocketed to $360. Teeka believes there is another boom in the cryptocurrency market that will happen within the next six months.
This is typical of the way Teeka leads investors toward opportunities that often have vastly higher returns, but always with limited risk. A while back he recommended the cryptocurrency NEO. Investors were thrilled when just are predicted, NEO rose by a whopping 30,000 percent. Just $50 was turned into $15,000.
Needless to say, Teeka’s highly respected Palm Beach Letter and Palm Beach Confidential have investors standing in line to read it. The former boasts 180,000 subscribers and is the flagship publication of the Palm Beach Group.
Teeka Tiwari's life is a true rags-to-riches story. He came to the US at age 16 with just $150 and the clothes on his back. By age 18, he was the youngest employee of Lehman Brothers. Two years later, he was the youngest Vice President in the history of Shearson Lehman.
In 1998, he made a small fortune going short during the Asian crisis. But then, he “got greedy” (in his own words) and hung on for too long. Within a three-week span, he lost all he had made—and everything else he owned. He was ultimately compelled to file personal bankruptcy.
Two years after losing everything, Teeka rebuilt his wealth in the markets and went on to launch a successful hedge fund. After these events, he developed a newfound appreciation for risk. He made risk management his No. 1 priority.
In the early 2000s, he launched his own highly successful hedge fund. He made headlines once again by being among the very first to lead investment in a Bitcoin IRA.
If Tiwari's face and name seem familiar, there is a good reason. He has been a regular contributor on major networks including Fox News, CNBC, ABC’s Nightline, international television networks, and as a featured guest on The Daily Show with Jon Stewart.
Bitcoin is now the world’s most popular cryptocurrency. Millions of individuals and businesses trade it every day. Visionaries like Teeka Tiwari help investors recognize and correctly understand highly profitable opportunities. He also gives followers an inspired way to know what major investments are lurking just around the corner. Get the advantage you've been seeking and get access to Teeka's recommendations and his research and editorial team now.
Teeka Tiwari Editor, Palm Beach Letter, Palm Beach Confidential, Teeka Tiwari's Alpha Edge, Palm Beach Venture, Palm Beach Crypto Income Quarterly, Palm Beach Special Ops, and Palm Beach Infinity.
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