Money Lost And Money Burned🔥
$41 Million Mistake
As people were trapped inside during quarantine, many of them turned to trading as a way to pass the time, learn something new and hopefully make some money. Most notably, Japanese billionaire Yusaku Maezawa dove into battle with his guns blazing.
He opened up about his market experience to his 10.2 million on Twitter and revealed that he lost 4.4 billion yen (around $41 million USD equivalent) through repeated short-term trading of stocks. With a reported net worth of $2.2 billion dollars, this loss is more of a mental blow than it is financial for Mr.Maezawa.
Still, Yusaku expressed his regrets by saying “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.” They may not know the cost of a carton of milk but billionaires like Yusaku still have a proper perspective when it comes to the value of money.
It goes to show that more money isn’t always the answer…
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.