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Investor Loses $1.13 Billion On Bear Stearns Investor Loses $1.13 Billion On Bear Stearns
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Old 03-18-2008, 04:29 PM   #1
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Investor Loses $1.13 Billion On Bear Stearns
http://www.bloomberg.com/apps/news?p...=patrick. net

The top investor, Joseph Lewis (a fellow Londoner), lost $1.13 Billion after paying $107 per share and buying 9.7% of the bank. He lost half his fortune.

There's no UK equivalent for the US expression "well dayum" but.... if ever there was a justification for diversification, this is it!
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Last edited by Vendot; 03-18-2008 at 04:32 PM..
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Old 03-18-2008, 04:32 PM   #2
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Ouch....
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Old 03-18-2008, 04:34 PM   #3
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As long as the stock is still active, he didn't lose the money. It will eventually come back. He only loses it if he sells while it's down, or they kill the stock. You never make or lose anything in the stock market until u cash out.
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Old 03-18-2008, 04:37 PM   #4
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That hurts. Kinda like a bad divorce.
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Old 03-18-2008, 04:37 PM   #5
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As long as the stock is still active, he didn't lose the money. It will eventually come back. He only loses it if he sells while it's down, or they kill the stock. You never make or lose anything in the stock market until u cash out.
True....... but it must be painful as hell.
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Old 03-18-2008, 04:39 PM   #6
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That hurts. Kinda like a bad divorce.
Well in a divorce the wife normally gets half and he has lost the value of half his fortune so i guess it could be a good analogy.
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Old 03-18-2008, 04:42 PM   #7
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Old 03-18-2008, 04:43 PM   #8
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You feel sorry for this guy? He makes more in one second than I do in a year... who cares. Seriously.
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Old 03-18-2008, 04:44 PM   #9
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Let's assume Lewis researched his investment before buying 11 million shares, this emphasizes how well BearStearn's books were cooked.
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Old 03-18-2008, 04:44 PM   #10
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falling down for him? sure, he's alive
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Old 03-18-2008, 04:44 PM   #11
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You feel sorry for this guy? He makes more in one second than I do in a year... who cares. Seriously.
Damn.... you're right, because he earns more than a poxy lowlife like you, we shouldnt give a shit
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Old 03-18-2008, 04:51 PM   #12
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Old 03-18-2008, 04:58 PM   #13
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Quote:
Originally Posted by vendot View Post
http://www.bloomberg.com/apps/news?p...=patrick. net

The top investor, Joseph Lewis (a fellow Londoner), lost $1.13 Billion after paying $107 per share and buying 9.7% of the bank. He lost half his fortune.

There's no UK equivalent for the US expression "well dayum" but.... if ever there was a justification for diversification, this is it!
I love capitalism.
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Old 03-18-2008, 05:06 PM   #14
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Originally Posted by crockett View Post
As long as the stock is still active, he didn't lose the money. It will eventually come back. He only loses it if he sells while it's down, or they kill the stock. You never make or lose anything in the stock market until u cash out.
Dude, he lost it, it will now take 20 years to get back to 107 from where it's now...
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Old 03-18-2008, 05:51 PM   #15
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Quote:
Originally Posted by crockett View Post
As long as the stock is still active, he didn't lose the money. It will eventually come back. He only loses it if he sells while it's down, or they kill the stock. You never make or lose anything in the stock market until u cash out.
Tell that to the bank if you borrowed on them ( margin )....

This guy probably didn"t because he is rich ( well half rich ..), but for most, the phone would have been ringing at 9:00 AM, and it wouldn't have been at the whitehouse ....
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