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New York, 3:20 PM
Tue Dec 1
55 posts in the last 24 hours

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    Ruined after Betting on Volkswagen Stock, German Billionaire Commits Suicide
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    Dsmvwl  Admin  Promote to frontpage Approve user Ban user ×
    Image of GuyBitchy GuyBitchy
    01/07/09

    In reply to Ruined after Betting on Volkswagen Stock, German Billionaire Commits Suicide
    I don't buy it. This guy was never getting close to the poor house, even after that kind of loss. Must be more to the story. Something's fishy.
     Reply
    GuyBitchy was starred GuyBitchy was unstarred
    Image of DoctorNine DoctorNine
    01/06/09

    In reply to Ruined after Betting on Volkswagen Stock, German Billionaire Commits Suicide
    I put money into VW, and am happy to see that it is up over the last six month. Could even have sold some before Christmas for a great profit on the little peak it had. As long as Porsche is still acquiring it, it's a great hedge to buy and hold it while the rest of the market turns to jelly. This poor fellow didn't see how to use it.
     Reply
    DoctorNine was starred DoctorNine was unstarred
    Image of HeyThatsMyBike HeyThatsMyBike
    01/06/09

    In reply to Ruined after Betting on Volkswagen Stock, German Billionaire Commits Suicide
    I didn't realize billionaires knew where to find trains.


    Still, it's sad, and certainly not the last case like this that we'll be hearing about in the next 6-12 months. Rich people hate going broke.

     Reply
    HeyThatsMyBike was starred HeyThatsMyBike was unstarred
    Image of aurora*raby aurora*raby
    01/06/09

    In reply to Ruined after Betting on Volkswagen Stock, German Billionaire Commits Suicide
    I know a bored dominatrix who could make these depressed magnates feel better about their silly miscalculations.
     Reply
    aurora*raby was starred aurora*raby was unstarred
    Image of Smitros Smitros
    01/06/09

    In reply to Ruined after Betting on Volkswagen Stock, German Billionaire Commits Suicide
    What's German for "Rosebud"?
     Reply
    Smitros was starred Smitros was unstarred
    Image of bigleggedwoman bigleggedwoman
    01/06/09

    In reply to Ruined after Betting on Volkswagen Stock, German Billionaire Commits Suicide
    ... do these quitters think that they will be part of history by offing themselves? Maybe that's part of the self-absorbed pathology.
     Reply
    bigleggedwoman was starred bigleggedwoman was unstarred
    Image of El_Gato El_Gato
    01/06/09

    In reply to Ruined after Betting on Volkswagen Stock, German Billionaire Commits Suicide
    Someone forward this to Bernie Madoff.
     Reply
    El_Gato was starred El_Gato was unstarred
    Image of misslinda misslinda
    01/06/09

    @El_Gato: Perhaps the 4/5/6 can be diverted through his living room.
     Reply
    misslinda was starred misslinda was unstarred
    Image of BlinkyMcChuck BlinkyMcChuck
    01/06/09

    In reply to Ruined after Betting on Volkswagen Stock, German Billionaire Commits Suicide
    Maybe this was part of the bet.
     Reply
    BlinkyMcChuck was starred BlinkyMcChuck was unstarred
    Image of Clarence Rosario Clarence Rosario
    01/06/09

    In reply to Ruined after Betting on Volkswagen Stock, German Billionaire Commits Suicide
    People who short are assholes.


    Next guy that bets the Don't Pass line next to me at the craps table? Take a walk in front of the Starlight Express.

     Reply
    Clarence Rosario was starred Clarence Rosario was unstarred
    Image of Xylo Xylo
    01/06/09

    In reply to Ruined after Betting on Volkswagen Stock, German Billionaire Commits Suicide
    "Bet". Such a good word for it.q
     Reply
    Xylo was starred Xylo was unstarred
    Image of seancasio seancasio
    01/06/09

    In reply to Ruined after Betting on Volkswagen Stock, German Billionaire Commits Suicide
    no Fahrvergnugen?
     Reply
    seancasio was starred seancasio was unstarred
    Image of Colander Colander
    01/06/09

    In reply to Ruined after Betting on Volkswagen Stock, German Billionaire Commits Suicide
    I blame Courtney Love.
     Reply
    Colander was starred Colander was unstarred
    Image of BookishLookish BookishLookish
    01/06/09

    @Colander: You know what? Me too.
     Reply
    BookishLookish was starred BookishLookish was unstarred
    Image of theghostofsunnyvonbulow theghostofsunnyvonbulow
    01/06/09

    In reply to Ruined after Betting on Volkswagen Stock, German Billionaire Commits Suicide
    Some people call this crap honorable. Over here on the Other Side we call it CHICKEN. Clean up your own mess instead of leaving it for other people.
     Reply
    theghostofsunnyvonbulow was starred theghostofsunnyvonbulow was unstarred
    Image of BookishLookish BookishLookish
    01/06/09

    @theghostofsunnyvonbulow: Right on, Sunny B. He didn't want to face the stockholders.
     Reply
    BookishLookish was starred BookishLookish was unstarred
    Image of wattznext wattznext
    01/06/09

    @BookishLookish: So instead he faced the train!
     Reply
    wattznext was starred wattznext was unstarred
    Image of BookishLookish BookishLookish
    01/06/09

    @wattznext: Probably did it ass-first. Coward.
     Reply
    BookishLookish was starred BookishLookish was unstarred
    Image of bigleggedwoman bigleggedwoman
    01/06/09

    @theghostofsunnyvonbulow: Quite agree.


    Clean up your mess, then live try living simply. With a laptop, of course. And well, I do need to have nice shoes.

     Reply
    bigleggedwoman was starred bigleggedwoman was unstarred
    Image of wattznext wattznext
    01/06/09

    @BookishLookish: Your statement is sure to confuse my gay roommate.
     Reply
    wattznext was starred wattznext was unstarred
    Image of CodePink CodePink
    01/06/09

    In reply to Ruined after Betting on Volkswagen Stock, German Billionaire Commits Suicide
    I can sorta understand where all these rich dead guys are coming from. To become a squijillionaire, you gotta REALLY love money, the pursuit of it. It's gotta be your whole life, right? It's not about downgrading to a smaller house, like a friend of mine said. It's about losing a part of your SOUL. None of us can really imagine loving money as much as this guy did. But what if the love of your life, or your child, or something else that means a lot to you suddenly disappeared? You might get a little suicidey, right? I think the whole "it's just money!" excuse is easy for us to say. This guy was more like "it's ALLLL money!"
     Reply
    CodePink was starred CodePink was unstarred
    Image of ADismalScience ADismalScience
    01/06/09

    @CodePink:


    I once spoke to an incredibly wealthy man. He told me that he got his entire portfolio's value sent to his office twice a day by an armada of financial advisors, summarized and collated by a secretary whose job it was to generate his net worth in USD for him at the open and close of the US stock market. He must have had some sort of model for infrequently priced or illiquid assets.


    I'm positive this wasn't because there was a purchase to make, or because there were debts to pay, or because there was some crucial threshold approaching. He just wanted to know how many points he'd racked up in God's game.

     Reply
    ADismalScience was starred ADismalScience was unstarred
    Image of FracturedAcetabulum FracturedAcetabulum
    01/06/09

    @ADismalScience: I suppose that's one way to measure your "success" in life, or points as you put it.


    The mind is an interesting place.


    Condolences to the family.

     Reply
    FracturedAcetabulum was starred FracturedAcetabulum was unstarred
    Image of SybilDisobedience SybilDisobedience
    01/06/09

    @FracturedAcetabulum: This conversation brings to mind the Mr. Show sketch about how "more money equals better than." It was brutal and funny and no one here ever quotes Mr. Show (except fiveinchtaint, obliquely, through the username), so maybe I'm alone in liking it.
     Reply
    SybilDisobedience was starred SybilDisobedience was unstarred
    Image of lilbobbytables lilbobbytables
    01/06/09

    @CodePink: You make a good point. I am sure that most people are feeling the effects of the economy in some way or other, and the vast majority of the population is less well off than Mr. Merckle (that might be my biggest understatement of the day...), but you only hear about the richest killing themselves over the losses. I think most people are simply trying to survive (without beating up a hobo for his shoes, if possible).


    Of course, could be that anyone else commiting financial-ruin related suicide is not considered newsworthy.

     Reply
    lilbobbytables was starred lilbobbytables was unstarred
    Image of CodePink CodePink
    01/06/09

    @ADismalScience: I had to read this a couple of times because I don't know much about all that stuff, but yeah--seriously. Having that much money becomes your job. And other people's jobs! Keep track of my money! It's crazytown.
     Reply
    CodePink was starred CodePink was unstarred
    Image of Ash78, tryptophanatic Ash78, tryptophanatic
    01/06/09

    In reply to Ruined after Betting on Volkswagen Stock, German Billionaire Commits Suicide
    See what happens when you push mass transit and restrict private gun ownership? DO YOU SEE?
     Reply
    Ash78, tryptophanatic was starred Ash78, tryptophanatic was unstarred
    Image of bigleggedwoman bigleggedwoman
    01/06/09

    @Ash78: This is why we can't have nice things.
     Reply
    bigleggedwoman was starred bigleggedwoman was unstarred
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