Dinner with Goldman Sachs cost him $34 million

I wonder if they went to dinner with the normal KYC documents and asked about his risk profile, understood his portfolio and desires and then showed him 50 pages of disclaimers such as "the risk of loss for dealing with us is highly likely" :)

....nah probably not.
 
He is a multimillionaire in his own right but his father is Widjaja, a multi billionaire, 90 year old chappie who once produced and controlled much of the world's coconut oil market.
 
'All men think ill of themselves for never having been a soldier'

Samuel Johnson (18th century English man of letters)

Similarly, for some unknown reason people who have made conventional business fortunes for some reason start to think ill of themselves for not being currency traders - so they start trading currencies. Almost to a man they lose....................

Joe Lewis may have been an exception but he should not have listened on Bear Stearns.

People who have been GS private clients seem to end up noticing that GS is better at making money for GS than it is for its clients. Cramer in one of his (surprisingly good) books (Street Addict?) describes being a GS private client salesman. Leaves you in no doubt as to who is looking out for who.
 
Quote from mokwit:

'All men think ill of themselves for never having been a soldier'

Samuel Johnson (18th century English man of letters)

Similarly, for some unknown reason people who have made conventional business fortunes for some reason start to think ill of themselves for not being currency traders - so they start trading currencies. Almost to a man they lose....................

Joe Lewis may have been an exception but he should not have listened on Bear Stearns.

People who have been GS private clients seem to end up noticing that GS is better at making money for GS than it is for its clients. Cramer in one of his (surprisingly good) books (Street Addict?) describes being a GS private client salesman. Leaves you in no doubt as to who is looking out for who.
More...

By Street Addict, he means the buyer of the book --- which is the opposite of what the buyer of the book thought he meant by Street Addict.

Trading is a zero sum activity.
 
Oei said Citigroup, run by Chief Executive Officer Vikram Pandit, also made a contribution to his wardrobe.

“Recently they gave me a very nice tie,” he said. “It’s a Citibank tie, a corporate one, very beautiful in blue and pink with the little umbrellas on it and you know, I always wear that tie.”


My bookie sent me some cufflinks. :D
 
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