how to gamble and lose $150 million dollars

[Sanity Check]

Having a bad day?


This poor guy ran a hedge fund that lost $150 million dollars gambling uh I mean "investing" in natural gas and oil.


Here he apologizes.

.

Hope things work out for him.

[pavyracer]

The guy will not go to jail. But if you forger to pay for an apple at the grocery store you go to jail.

[Shute]

Holy crap!
Makes me feel a lot better about myself!

[MrSink]

at the end of the day we have to remember it is his poor managment that brought them here

[Shute]

Kinda like going all in on that -2000 ML favorite every week. Sooner or later you’re going to get burned

[PAULYPOKER]

This is an excellent case study of a full blown sociopath in action.........

Unreal!, every single word coming from his gloryhole is a lie..........

Might be the best live example ever to be recorded in the history
of mental health education.........

[jjgold]

He traded too big, all his trades were real so no acam

[Rich Boy]

Even hedge funds blow up, happens quite often

[PAULYPOKER]

Only thing he loss was other people's money......

He personally lost nothing...........

Gambling with other people's money is the way to
go as there is virtually no personal risk.......

[Nitrogen]

Interesting read

https://palisade-research.com/blowing-up-how-this-one-fund-blew-up-overnight-and-what-we-can-learn-from-it/

"Seemingly “out of nowhere” – overnight – investors were wiped out entirely. Some even negative – meaning they actually owe money to the brokerage-house."

[7deuceoff$uit]

Kershaw probably wasn't on the mound.

[jtoler]

[gojetsgomoxies]

grunch questions, i didn't watch or read anything but have seen reference to this guy

did he do unauthorized trades? or trades that were beyond limits?

did he lie about things? or cover up things?... my massive assumption is "yes"

aren't hedge funds blowing up very common? google amaranth, an old client of mine. didn't they already blow up on natural gas? (i dealt with a different guy and non-commodity)