Merckle suicide

[Negus]

Adolf Merckle suicide: German who lost £1bn in the financial crisis jumps under train.

http://www.telegraph.co.uk/finance/f...der-train.html

Merckle, 74, one of the world's richest men and the head of a drugs and engineering conglomerate, was found dead on the railway line not far from his home in the small village of Blauberen near Ulm in southwestern Germany on Monday night.

He's on the Forbes list. Money can't buy happiness.

[lymar07]

He's on the Forbes list. Money can't buy happiness.

true dat....

[uls]

diba last year there was this unusual movement sa stock price ng Volkwagen?

the stock price soared sky high coz of a short squeeze

Merckle pala was shorting Volkwagen stock (betting the price would go down)

he lost billions in that bet

btw, kamukha sya Warren Buffet

[tidus1203]

That guy does not know and understand the concept of STOP LOSS. Even on a losing bet like that if he had a stop loss then he would have gotten out of VW shares (abeit a loss at least not of suicidal proportions ) when it sky rocketed.

[Negus]

the guy has been in the business long before you were born. alam naman niya siguro yung stop loss, meron bang stop loss pag billions na ang pinaguusapan?

[tidus1203]

Of course you could still get out even if its billions worth. VW is a very liquid stock although he had to take a huge hit so he was probably thinking it might come down later on alas it did not, at least not before he was forced to cover due to margin call. Oh well. Let this be a lesson that we should know when to stop and we should know when to be greedy.

[niky]

Adolf Merckle suicide: German who lost £1bn in the financial crisis jumps under train.

http://www.telegraph.co.uk/finance/f...der-train.html



He's on the Forbes list. Money can't buy happiness.

But loss of money can buy depression?

[tsupermario]

But loss of money can buy depression?

with no money he can't even buy it

[niky]

Merckle's losses weren't only due to the economic crisis.

Merckle was one of those duped in the VW stock manipulation by Porsche.

Porsche's financial takeover of VW over the past few years tricked various investors out of billions. Their tactical stock manipulation managed to drive demand for VW stocks through the roof... Porsche bought low, sold high and managed to use its own trade of VW stocks to fund its takeover. A lot of apparently smart businessmen lost billions to Porsche. In fact, Porsche has made over five billion in the past three years from stock speculation alone. In fact, this last year, they made more money off of trading than off of automobile production. Sneaky bastards. And everything they did was absolutely legal, exploiting various loopholes in German law.