How the Mighty Have Fallen

[Uncle Max]

Take a look at the year-to-date performance for some biggest of the big-name investors:

• Warren Buffett (Berkshire Hathaway): -43%
• Ken Hebner (CMG Focus Fund) -56%
• Harry Lange (Fidelity Magellan): -59%
• Bill Miller (Legg Mason Value Trust) -50%
• Ken Griffin (Citadel): -44%
• Carl Icahn (Icahn Enterprises): -81%
• T. Boone Pickens: Down $2 billion since July
• Kirk Kerkorian: Down $693 million on his Ford shares alone

 

[GusTsahas]

True on the above Max, but is is far better to have a 50% draw from 10 billion and get left with 5 billion, then to have a 100% gain but only be worth a few million......... and that my fiend is speaking from personal experience!:D

 

[Uncle Max]

Haha

Gus, if I had to invest my $50K I would rather be with you than with Warren and his 5 billion

 

[PatM]

I once was in the room when someone asked Charles Schwab, "How does it feel to lose a billion dollars?"
SCHW (then SCH) missed its earnings number a few days prior, and gapped down $4. Chuck held 250 million shares.
Chuck laughed and said, "You know, it feels great -- just to have had the chance."