Deep regrets

[TimtheEnchanter]

https://finance.yahoo.com/news/japanese-billionaire-regrets-losing-41-043921392.html
"In a tweet titled “Deep Regrets,” Yusaku Maezawa, founder and former chief executive of online fashion retailer Zozo Inc., said he lost money through day trading -- a practice he has failed to master. He expressed regret over the sum he had lost and vowed to recover it through his business.

I was blinded by the virus-driven market swings and lost 4.4 billion yen through repeated short-term trading of stocks, something I haven’t familiarized myself with,” Maezawa said in the Sunday tweet. “With 4.4 billion yen, how many people could the money have been given out to and saved? There’s no end to this regret.”

 

[maxinger]

Good thing is that he intends to recover his loss not through day trading, but through his business.
Day trading (and in fact any trading ) is not for everyone.

 

[gaussian]

https://finance.yahoo.com/news/japanese-billionaire-regrets-losing-41-043921392.html
"In a tweet titled “Deep Regrets,” Yusaku Maezawa, founder and former chief executive of online fashion retailer Zozo Inc., said he lost money through day trading -- a practice he has failed to master. He expressed regret over the sum he had lost and vowed to recover it through his business.

I was blinded by the virus-driven market swings and lost 4.4 billion yen through repeated short-term trading of stocks, something I haven’t familiarized myself with,” Maezawa said in the Sunday tweet. “With 4.4 billion yen, how many people could the money have been given out to and saved? There’s no end to this regret.”

Billionaires are just retards with more money. Stupid is one of the things you can't apply more capital to in order to fix.

 

[Millionaire]

Just around 1% of his networth?

Thats nothing compared to the average guy with a family and mortgage who loses 100% of his networth, eg 50K at first attempt at day trading..

 

[Snuskpelle]

Just around 1% of his networth?

Thats nothing compared to the average guy with a family and mortgage who loses 100% of his networth, eg 50K at first attempt at day trading..

If that's the case I don't understand his attitude. He tried it with some learning money and figured out it wasn't for him. Nothing to be sad about, unlike the people who perpetually get stuck doing something that isn't working for them, or decide to apply a majority of their networth as you note.

 

[S2007S]

I'm confused as to why this made headlines. Yes $41,000,000 is many many dollars, but when you are worth $3,000,000,000 its not much to complain about.

 

[TimtheEnchanter]

More to come. The media loves stories like this. We had them after the 6/11 sell-off too.

 

[newwurldmn]

More to come. The media loves stories like this. We had them after the 6/11 sell-off too.

Its part of the media’s secret pro-Trump agenda. They want to show how important it to have a president so focused on the stock market. Otherwise people get hurt.

 

[gaussian]

Just around 1% of his networth?

Thats nothing compared to the average guy with a family and mortgage who loses 100% of his networth, eg 50K at first attempt at day trading..

He's called Dozu. Say his name.

 

[Tradex]

Day trading is not for everyone

But so are farming, French cooking, tap dancing, parachute jumping, bullfighting, opera singing, mountain climbing, poetry writing, boxing, scuba diving, deer hunting, sword swallowing and thousands of other hobbies.