In this episode of Behavioral Profit, Debbie Longo speaks with Haren Bhakta about business failure, leadership behavior, investment management, company culture, and the lessons that came from losing a business during COVID.

Haren shares how he left Morgan Stanley to start his own investment fund focused on micro-cap companies. After investing heavily into a Las Vegas ticketing company and joining its board, he believed he could help improve operations, leadership, and business performance. However, when COVID shut down the Las Vegas entertainment industry, the company eventually went bankrupt.

Throughout the conversation, Haren explains that the company’s collapse was not caused solely by COVID. He describes how poor leadership decisions, excessive legal spending, lack of preparation, weak communication, and failure to modernize the b ...