How Ireland's Richest Man Lost Everything

Comments · 747

• LY

  @Lync512 · 5 years ago

  The universal lesson: Never let yourself become over leveraged

  659

• NI

  @nic2312 · 3 years ago

  A key point you missed: Quinn bought the shares in Anglo Irish Bank using money he borrowed from Anglo Irish Bank.

  75

• JE

  @jerodwolf5582 · 5 years ago

  It’s said if you have a billion dollars, and spent 10,000 dollars a day, it would take 273 years, and he lost it times 6.

  438

• GA

  @gamal01 · 5 years ago

  What I realized is that this scenario is at play more than we realize. How many of us are walking around with debt so high that one bad move or situation turns us to dust?!

  221

• LE

  @leonleon2021 · 5 years ago

  Everyone gangsta until u got margin called.<br>So kids: play safe, never use leverage.

  140

• VI

  @vince1376 · 5 years ago

  &quot;9 weeks in jail&quot; for bankruptcy fraud? Yo these white collar crimes be bussin

  165

• CH

  @Chriscross1313 · 5 years ago (edited)

  Tbh I feel really bad for him. Its so depressing you come from modest means, build an empire only to see it crumble and to end up in the same street you started from.

  379

• MA

  @MandNsvideos665 · 5 years ago

  TLDR: he yolod is tendies into a failing bank and lost

  143

• RE

  @ReidCoffman1 · 3 years ago

  The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn&apos;t depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies

  1K

• BR

  @brandonchin6646 · 5 years ago

  I will never understand why he felt the need to yolo when he was already a billionaire.

  111

• KA

  @kamalashraf4846 · 5 years ago

  Lesson is dont ever be too greedy and stop when you are already on top.

  49

• AL

  @alleung42 · 5 years ago

  Leverage destroys lives

  98