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  1. Negus's Avatar
    Negus
    Negus is offline Tsikot Member Rank 4
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    January 7th, 2009 10:14 AM #1
    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.
    Last edited by Negus; January 7th, 2009 at 10:18 AM.
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  2. lymar07
    lymar07 is offline Verified Tsikot Member
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    January 7th, 2009 10:29 AM #2
    Quote Originally Posted by Negus View Post
    He's on the Forbes list. Money can't buy happiness.
    true dat....
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  3. niky's Avatar
    niky
    niky is offline SobrangBilisMagType!
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    January 7th, 2009 10:42 AM #3
    Quote Originally Posted by Negus View Post
    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?

    Ang pagbalik ng comeback...
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  4. uls's Avatar
    uls
    uls is offline Tsikot Member Rank 4
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    January 7th, 2009 10:43 AM #4
    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
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  5. tidus1203's Avatar
    tidus1203
    tidus1203 is offline Wheelin and Dealin'
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    January 7th, 2009 10:55 AM #5
    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.
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  6. Negus's Avatar
    Negus
    Negus is offline Tsikot Member Rank 4
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    January 7th, 2009 11:02 AM #6
    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?
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  7. tidus1203's Avatar
    tidus1203
    tidus1203 is offline Wheelin and Dealin'
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    January 7th, 2009 11:09 AM #7
    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.
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  8. Horsepower's Avatar
    Horsepower
    Horsepower is offline Le Bombardier
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    January 7th, 2009 11:38 PM #8
    Weird. Why did he kill himself? Surely, he would still have some loose change like a million euro or two somewhere to start from all over again.
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  9. safeorigin's Avatar
    safeorigin
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    January 8th, 2009 12:11 AM #9
    oh well, insurance void. pity
    Damn, son! Where'd you find this?
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  10. empy's Avatar
    empy
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    January 8th, 2009 09:38 AM #10
    sana nakinig siya sa mga investment expert dito. then he wouldn't have lost anything
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