Quote from: KTChampions on July 12, 2024, 01:11:17 PM

Quote from: Jody.Drummer on July 12, 2024, 12:26:00 PM

Quote from: KTChampions on July 11, 2024, 08:35:50 PM

snip

Logically, yes, I quite agree with your opinion above that I am not sure that this problem or incident happened to that person who is a billionaire or someone who has succeeded in achieving financial freedom in his life as a reward for all the hard work he has done over the years. he live.

Because basically people who succeed in achieving financial freedom in their lives, like billionaires, are those who have a strong level of discipline and also have an unusual mindset, in the sense that they always think about things that are impossible or impossible for normal people in their lives. It's a matter of determining their dreams, but they succeeded in achieving their dreams, where this success was due to strong intentions and determination as well as really knowing how to manage money properly and correctly, meaning that I think it is quite unlikely for these people to experience significant setbacks. like this, in the sense that I don't believe they would foolishly risk all the wealth they have worked for.

The opening post literally says that this happened to a big businessman and that he lost $127 million. Yes, apparently he is not a billionaire, but he is definitely a multimillionaire, since the lost 127 million indicates that his business was worth more than this amount. No business can survive if you take out all of its capitalization; it is fashionable to assume that its business was worth 0.4-1 billion.
By the way, I don’t think everything is fatally bad for him - if he overcomes his bad habits, he will be able to start a new business or work as a CEO with a huge salary and bonuses.

This means that by looking at the loss figures, it can indirectly be used as an illustration that he is not an ordinary person, in the sense that he is a rich person who has a lot of wealth, and also yes, it is quite reasonable to say as you say that the amount of his wealth is definitely more than $127 million, and I can imagine that if at that time he really couldn't control himself and fell or was carried away further then yes maybe the amount could be much greater than that or even close to the total amount of his wealth.

On the other hand, I just hope that he can really realize his mistake so that this incident doesn't happen again, even though I don't know him at all, I can really feel that it is a very large loss that might be able to support my living costs for the rest of my life. decades, and the point is that I hope that this incident will not happen again, and I will say that this is what will happen when a gambler cannot control himself, anything can happen and you can end up with a zero balance in your account.