The Billion Dollar Mistake

Important investment lessons gleaned from the mistakes ofaccomplished professional investors and billionaire businessmen
The Billion Dollar Mistake is an up-close account of thecareer-defining mistakes that some of the world's most brilliantbillionaire investors have made, and a revealing look at what wecan learn from them. Drawing on author Stephen Weiss' twenty-twoyears experience at some of Wall Street's most prestigious firms,the core of this book is based upon original research andinterviews with these legendary investors, who discuss the mostsignificant trade or investment that went against them, themagnitude of the loss, its effect on their businesses-and on theirpersonal lives. To some, these fascinating accounts will read likea novel; to others, it will be a treasured and unique investmentguide.
This intriguing book skillfully examines the causal relationshipbetween the quirks of each investor's personality and the mistakesthey have committed. Along the way, Weiss provides a series ofcompelling narrative accounts of the individuals' road to success,the particular mistakes they made, the character flaws that led tothem, and the lessons learned. While some investors made errors ofjudgment, others made errors of perception. The Billion DollarMistake
* Uncovers important lessons learned from the failures of some ofthe most enduring and accomplished investors, including KirkKerkorian, Bill Ackman, Aubrey McClendon and Leon Cooperman
* Discusses how to incorporate these lessons into your investmentdiscipline and avoid the same missteps
* Reveals common mistakes made by bigger investors that theaverage investor can relate-the only difference is in magnitudewith more zeros attached to the loss
* Includes insights on improving your investment endeavors byrefining your approach to today's markets
Learning from the missteps of the best in the investmentbusiness can help you succeed. With The Billion DollarMistake, you'll discover how.