"BP stock dropped 81 cents, or 2.7 percent, to $29.52, near a 14-year-old low for the company in U.S. trading. The stocks of other companies associated with the spill remained low despite Feldman's ruling."
Deepwater Horizon accident (Black Swan event)
You just need one really bad incident and BP tumbled down near a 14-year-old low for the company in U.S. trading.
Nick Leeson - One Bad Guy
"Barings Bank (1762 to 1995) was the oldest merchant bank in London[1] until its collapse in 1995 after one of the bank's employees, Nick Leeson, lost £827 million ($1.3 billion) speculating—primarily—on futures contracts."
You just need one really bad Guy and a 100+ years old bank gone!
----------------------------------------------------
One lesson from here - learn to recover your initial investing capital from the market sooner the better and be safe.
Posts
A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
-
One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
3 weeks ago
No comments:
Post a Comment