Billionaire Blowups of 2008

maneesh wrote: post #6

vaksel wrote: post #5

why is a guy who lost .6 billion, in a higher spot than a guy who lost 1.1 billion?

cause it's in alphabetical order

oh yeah. Thanks

Re: Billionaire Blowups of 2008

#8

Post by fallentimes » Wed, Dec 31, 2008, 6:39 PM UTC

pchristensen wrote: post #4

okeumeni wrote: post #3

'Bjorgflur Gudmundsson March net worth: $1.1 billion Current net worth: zero' WOOW! I don't believe this.

"government seizure of Iceland's second largest bank wiped out the $1.1 billion fortune of Gudmundsson, the bank's chairman and biggest shareholder" http://news.ycombinator.com/item?id=414491

So that's why you diversify :).

Re: Billionaire Blowups of 2008

#9

Post by mtw » Wed, Dec 31, 2008, 8:07 PM UTC

vaksel wrote: post #5

why is a guy who lost .6 billion, in a higher spot than a guy who lost 1.1 billion?

also because it's just a preview of the list

Re: Billionaire Blowups of 2008

#10

Post by matt1 » Wed, Dec 31, 2008, 9:46 PM UTC

With $1.0 billion you could invest $10K into 100,000 startups or $100K in 10,000 startups. Surely you could change the world, leave a legacy, and simultaneously generate a profit on that kind of investment, no?

Why doesn't somebody do this?