I bought Kens course several years ago also. He is a master at his craft.... Marketing and writing. As far as biggest blunders I have heard of, my friend works for TIAA Creft. One of there clients inhereted 20 million dollars and insisted on putting it all in Cisco. That was March of 2000.
I work at T/C. LOL!!! Funniest shit... !! I can't sop laughing. anyone who knows me, knows I am switching to trading to get away from bureacracy, but the damn prop shops keep going outta business. Oh well, More Bureacracy and lots more laughs, until the time comes.
Thanks for the update on Roberts, good call about not posting the link. I have purchased plenty of books from the likes of Wade Cook and Robert Allen and Robert Kyioski over the years. I would think these guys would drift away, but the money must be very good. There was a similar CSCO story in WSJ last year about a guy who used all his CSCO (His whole portfolio) to secure a loan on a second house. At the time of the article he was living in the second house and the account had went from something like 1M to 50K.
Blue Star I can't top that story but I can give it a run for the money.... When I was a commodity broker I had an eyedoctor client who told me about a friend who put 400K- his entire savings I think- into a single tech stock. This guy pyramided the @#$# out of that 400K position, ramping it up to $12 million at the peak. The punchline: the stock came within something like $20 of his "target" but never hit it, so he held on. And was eventually forced into bankruptcy by the margin call.