Expensive Mistakescoopsweb asks "What's the most expensive mistake you've ever made? Should I mention a certain employee who caused 4 hours worth of delays in Central London and got his company fined £500k?"
No points for stories about the time you had a few and thought it'd be a good idea to wrap your car around a bollard. Or replies consisting of "my wife".
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chthonic, Thu 25 Oct 2007, 11:26)
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Cheyenne SoftwareOkay so, technically, this might not be 100% on topic, but its closer than some:
I was managing money for several clients and put them ALL into a company called Cheyenne Software. The rumor 'on the street' was that they were about to be bought by Computer Associates. Okay. So I sold a TON of the stock. And NOONE else in the firm was buying.
And then, one day, one of the traders in my office comes out of the trading offince and says "Citadel. You were fu@*ing RIGHT!" The stock tripled in about 2 hours.
I made a TON of cash on commissions for the sale of the existing stock I had for most of my clients. The 'mistake'? I was so concerned about selling it to clients I NEVER bought any for myself.
Still, I made a packet: $38k in one day?
Would have been over $50k if Id bought the stock myself....D'oh!
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Citadel Because the world needs less morons, Mon 29 Oct 2007, 3:27,
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