3min chapter

Risk of Ruin cover image

Zero, by Way of a Hundred

Risk of Ruin

CHAPTER

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

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

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

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