Re: How To Lose $34.5 Billion

Recently I read an article on Braeden’s blog regarding a once powerful, wealthy man Eike Batista and how he went from a multibillionaire to a multimillionaire. Was is a gambling problem that got to Batista? No. It was greed. Batista promised investors that his oil company would be able to pump out 400,000 gallons a day. The company stock was flooded with investors and ballooned to over $21 a share. When the actual date to mine came, it only pumped 15,000 gallons a day leading investors to quickly dump their stock while they still can. I agree with Braeden, you can never be too comfortable dealing with money. Batista had the entire world bowing down towards him and because of one costly mistake, it cost him his entire fortune. Other billionaires like Bill Gates and Warren Buffet take extreme measures to protect their money and are careful with what they say or invest. Being a billionaire should entitle you to never work again but with poor business management one false step and you drown.

https://blogs.ubc.ca/braedenelsaesser/2013/10/06/how-to-lose-34-5-billion/