11-21-2018, 03:04 PM | #1 |
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Fund manager confesses he lost all his clients' money
Wiped-out hedge fund manager confesses he lost all his clients' money in emotional video on YouTube
It looks like the hedge-fund equivalent of a hostage video. James Cordier, in a dark suit, cuff links and expensive-looking watch, sits in a brown leather chair and stares into a camera, his hands folded in front of him. Then he delivers the bad news. His voice near-breaking at times, the hedge fund manager employs nautical terms to tell his clients in a roundabout way that he's lost all of their money — in the neighbourhood of US$150 million, according to one estimate. Favourite part: "every morning when I woke up, and checked on the markets, sipping a glass of wine..." |
11-21-2018, 07:25 PM | #2 |
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Maybe he can get it all back when he invests in cryptocurrency. The market is way down low so it's a great time to get in.
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11-23-2018, 09:22 AM | #5 |
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Another prime example that eventually markets return to normal state. It all works until it doesn't: short VIX, naked options, zero interest rates, some index ETFs...
Pigs Get Fat, Hogs Get Slaughtered! |
11-23-2018, 10:15 AM | #6 |
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11-27-2018, 12:54 PM | #8 |
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If something is worth doing, it's worth doing yourself. That way you have no one else to blame! I would take solace in knowing I lost all my own money compared to trusting my money with some a-hole who lost it all.
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