cnbc was saying he lost 700mil on ford alone then huge losses on gm and mgm i beleive.They also say tracinda may have been close to getting a margin call but he put up mgm shares as collateral.Anyway something like this...They said his losses may be something like 12billion so far...Didnt know the guy had 12bil.
The smart ones put their money aside or are hedged safely. There are always a few boneheads who carelessly play in unknown trading territory, whether billionaires or ET posters!
I said when he did that ridiculous F trade that he had snapped. Guaranteed Alzheimers. His heirs are probably working on getting him declared shortly When asked how he felt about losing billions for no reason he said "Easy come easy go"