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December 18, 2020 | Classic: Student First Made Gains Before Losing Father’s $50 Million Trading Stocks

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

The son of a Russian oligarch lost $50 million making risky trades while at university.  This is present madness writ large.  See:  A Russian oligarch’s son lost $50 million making risky trades at university:

Temur’s trades weren’t always losing ones. The London School of Economics student said he first made a profit trading stocks before sliding into losses. He then tried to rebound with riskier bets, but the positions burned the rest of his balance, according to Bloomberg.

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December 18th, 2020

Posted In: Juggling Dynamite

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