A “bad beat” is a term taken from poker, where a player with a seemingly strong hand loses anyway. In other words, it was an unexpected/unlikely loss.

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Even the world’s shrewdest investors make mistakes that end up costing a small fortune. These icons include some of the wealthiest people on the planet.

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We’ll take 5 case studies and learn how people like Carl Icahn, Elon Musk, Bill Ackman, Warren Buffet, and Jeff Bezos have made bad-beat money moves.

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Carl Icahn’s Blockbuster

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Carl Icahn’s Blockbuster

[{"selector":"#anim-f446a150-3a26-4654-bfd0-1829de1e11c8","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b5a678dc-102d-471b-9f21-8ddf3271cdd5","keyframes":{"transform":["translate3d(0px, 139.19330%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] What seemed like a sure thing turned out to be “the worst investment I ever made”, said Icahn, who allegedly lost $200 million when the company collapsed.

Dexter Shoe Company and Warren Buffet

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The company received a bad beat when it lost its market edge after a few years and became worthless, having finished $46 million in the red.

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Bill Ackman vs Herbalife

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Unfortunately for Mr Ackman, his hedge fund lost its money when Herbalife stock over doubled in value from $45 to $92 per share in 2018.

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Bezos and Amazon were confident that the pet retailing e-store was going to become a global leader in the pet care industry.

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Bezos sanctioned the funding for the online pet retailer in 1992 and by 2002 the company had gone belly up and a $50M loss incurred through Pets.com.

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Careless social media tweets from Elon condemning BTC for its heavy energy consumption while he was still invested in it result to a market reaction.

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This time by dumping its assets and devaluing Bitcoin. It ended up losing Tesla around $1 billion in the process.

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A “bad beat” is a term taken from poker, where a player with a seemingly strong hand loses anyway. In other words, it was an unexpected/unlikely loss.

A “bad beat” is a term taken from poker, where a player with a seemingly strong hand loses anyway. In other words, it was an unexpected/unlikely loss.

Even the world’s shrewdest investors make mistakes that end up costing a small fortune. These icons include some of the wealthiest people on the planet.

Even the world’s shrewdest investors make mistakes that end up costing a small fortune. These icons include some of the wealthiest people on the planet.

We’ll take 5 case studies and learn how people like Carl Icahn, Elon Musk, Bill Ackman, Warren Buffet, and Jeff Bezos have made bad-beat money moves.

We’ll take 5 case studies and learn how people like Carl Icahn, Elon Musk, Bill Ackman, Warren Buffet, and Jeff Bezos have made bad-beat money moves.

Carl Icahn’s Blockbuster

Carl Icahn’s Blockbuster

Dexter Shoe Company and Warren Buffet

The company received a bad beat when it lost its market edge after a few years and became worthless, having finished $46 million in the red.

Dexter Shoe Company and Warren Buffet

Bill Ackman vs Herbalife

Unfortunately for Mr Ackman, his hedge fund lost its money when Herbalife stock over doubled in value from $45 to $92 per share in 2018.

Bill Ackman vs Herbalife

Bezos and Amazon were confident that the pet retailing e-store was going to become a global leader in the pet care industry.

Jeff Bezos and His Pet Project

Bezos sanctioned the funding for the online pet retailer in 1992 and by 2002 the company had gone belly up and a $50M loss incurred through Pets.com.

Jeff Bezos and His Pet Project

Careless social media tweets from Elon condemning BTC for its heavy energy consumption while he was still invested in it result to a market reaction.

Elon Musk Undoes His Own Tesla Stocks

This time by dumping its assets and devaluing Bitcoin. It ended up losing Tesla around $1 billion in the process.

Elon Musk Undoes His Own Tesla Stocks

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More at PokCas

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