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Zero, by Way of a Hundred

Risk of Ruin

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The Biggest Loser in the History of My Firm, Wire Card

The biggest loser in the history of my firm was a very big german fraud called wire card. Was probably the biggest fraud in european history. It blew up spectacularly in 20 20. And everybody seems to think that i was very clever for working out that wire card was a fraud, but i promise you i wasn't. I worked it out in two thousand and nine. At that point, the stock was nine uro at piped a,. A hundred and 91 yuro and last time i looked, it was seven buro cents. If a stock goes from ten dollars to zero ver a hundred dollars, i'm going to lose money on it. When it's 60

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