Richest guy in norway bankrupt

BTFOd by margintrading power commodities and getting liquidated due to volatility

topkek

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>833 millioner til null
Å fy faen.

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source?

Jepp. Ekstremt. Han har nok litt lagt av i forskjellige firmaer så han har til smor osv.

e24.no

"Monday, September 10, there were extraordinary price changes in the Nordic and German power markets. I have had too much position in terms of liquidity in the market and during the last month, the last 350 million of my free cash funds were transferred.

This was not sufficient to cover the loss and, on Tuesday, I was under the auspices of the Nasdaq Stock Exchange. On Wednesday evening, my entire portfolio was forcibly sold by Nasdaq, resulting in a very large personal loss. The consequence of this is chord or personal bankruptcy, "writes Aas.


absolutely niggered

lmfao

This guy is substantially wealthier than all of us but I've been through what he has been through, albeit less money.
In the early 2000's I had a ton of money and I knew 'everything' to know about investments and money. Over time I blew my money through bad investments and a bad lifestyle. Eventually I had legal and IRS problems and spent some time in prison...by the time I went to prison I was flat broke and needed a public defender....Tought me some valuable lessons one of which is squirrel away money in precious metals and cash as a relief valve when things go bad. Hope he has something put away from the govt.

He's an idiot. If you're not looking at investment in an ends-oriented way (i.e. effectively building up an enormous pension which allows you to retire earlier and earlier with each passing year) you're a greedy dullard.

>Be the richest guy in Norway
>Still risk your wealth gambling with leverage

What the fuck.

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wat

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