If you've ever blown out an account its nothing compared to Björgólfur Guðmundsson

10 months ago, the guy was worth 1.1 billion. Now he is worth ZERO! Imagine that...you got 1.1 billion dollars early in the year and by Christmas you're at the unemployment office looking for food stamps! Now THATS a blow up!

http://finance.yahoo.com/banking-budgeting/article/106352/Billionaire-Blowups-of-2008

 

heheheh heheheheh hehehehehe. They said dikshit. heheheheh heheheheh

 

They all have more dollars than sense.

 

The Anurag is also quite amusing.

 

you havent figured out that the whole hedge fund scam was a giant ponzi?

 

it should not come as a surprise. to make it into the hundred-millionare club and above, you have to take enormous risks, and with chance of forture comes risk of collapse.

 

Try saying Björgólfur Guðmundsson quickly ten times in a row..

 

Don't forget Sheldon Adelson - former Richest Jew in the World (RJITW)!

"According to a guest at a reception in Washington a few years ago, Adelson remarked to President Bush, "You know, I am the richest Jew in the world." He also introduced himself that way to a former Israeli official recently. The investment banker Ken Moelis said that when he saw Adelson not long ago he was surprised to hear him refer to himself as "Sheldon Adelson III." "I said, 'I never realized your father was Sheldon Adelson II,' " Moelis recalled. "And he said, 'He wasn't! But I'm the third-richest American!' ""

He's down about 90% or more this year.

 

The hardest thing for any investor or trader is mastering the ability of cutting ones losses before they escalate.

 

They are still billionaires

I wouln't cry for these billionaires.