Automotive Forum for Supercars Lamborghini Ferrari Porsche

  blacknight

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  corona

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Location: Corona Ca

so where did the money went???

  aren040

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so where did the money went???

Are you serious? You cant be serious.

It went to little gnomes that only come out once every 10 years to steal your underwear.

Rich, the real question is how much money did he have and how much does he have now. I am sure he is not suffering too much.

-aren

Aren,

If it were 30 million probably wouldn't matter but 30 billion, which according to the report, is an estimated 93% of his net worth is definately cause for some sleepless nights. And to sustain such a hugh loss in less than a year is mind boggling...

TK

  aren040

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That is very sad. Any news on his car collection?


Joseph

so where did the money went???

Are you serious? You cant be serious.

It went to little gnomes that only come out once every 10 years to steal your underwear.

Rich, the real question is how much money did he have and how much does he have now. I am sure he is not suffering too much.

-aren

Aren,



If it were 30 million probably wouldn't matter but 30 billion, which according to the report, is an estimated 93% of his net worth is definately cause for some sleepless nights. And to sustain such a hugh loss in less than a year is mind boggling...

TK

That is a lot, to say the least, but mind boggling it is not. He ran too close to the razors edge and had a lot of risky investments that went down the drain, most likely, so he got what he went in for. High risk, high reward. The market is a educated gamble at best, there is no saying what will really happen so if you want to take the risk to get big gains, then get ready to also take the big losses.

Personally, I think he definitely did not diversify enough. Not just in the market, but you would think someone like that would have have put some money in just a plain old CD or something.

-aren

Well, I guess it's easy to make assumptions when you're not the one who has $32 Billion to loose...

TK

Sometimes you've just got to pull the cord early on.....