AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
#63 The King of Oil: The Secret Lives of Marc Rich
Founders
How to Lose $172 Million in One Trade
A single bad deal cost Mark Rich $172 million, took his company to the edge of collapse. It was the deal that finally forced Rich to sell his company. The trader wanted to secretly corner a market and attempt to manipulate global prices of a metal. "That is a extremely high leverage position with no hedge"
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode