What I Learned Losing a Million Dollars (Columbia Business School Publishing) Cover
Podcast Mentions

What I Learned Losing a Million Dollars (Columbia Business School Publishing)

Jim Paul

Jim Paul's meteoric rise took him from a small town in Northern Kentucky to governor of the Chicago Mercantile Exchange, yet he lost it all―his fortune, his reputation, and his job―in one fatal attack of excessive economic hubris. In this honest, frank analysis, Paul and Brendan Moynihan revisit the...

Podcasts 2
Quotes 2
The Dan Bongino Show

It was mentioned in the context of how people who lose money often share similar characteristics to those who fail in life in general; the speaker related this to the insecurity of Joe Biden.

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Reminds me of that book I read which I love how to lose a million dollars guy says there's a thousand ways to make a million dollars, right?

— Episode: Leaked Video From This Tragedy Will Turn...

Episode: Leaked Video From This Tragedy Will Turn Your Stom...

It was mentioned in the context of how people who lose money often share similar characteristics to those who fail in life in general; the speaker related this to the insecurity of Joe Biden.

"

Reminds me of that book I read which I love how to lose a million dollars guy says there's a thousand ways to make a million dollars, right?

Episode: Did Bill Barr Prevent A Catastrophe On His Way Out...

Referenced as a book about the thousand paths to success in business, contrasting with the single path to failure of not recognizing sunk costs.

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i read another book was it how i lost a million dollars it's a great book and the running thesis behind the whole book is there's a thousand paths to success in business some people will tell you invest in gold some people say don't invest in gold some people say invest in stocks some people say don't invest in stocks invest in bonds some people say bitcoin some people say don't invest in bitcoin there's a thousand ways people have gotten rich right some that contradict each other meaning there must be multiple pathways to success but i could tell you ladies and gentlemen there is one path to failure that is never knowing as kennie roger said you got to do in the fold of my voice is terrible joker probably sing it better he's an actual musician i'm not but they never know when a cost is sunk business athletes coaches general managers they never they cannot a sunk cost meaning your investment in a stock in a player it's it's done it's over the player is a failure the stock keeps losing money people can't get out they keep saying tomorrow we're going to turn it around tomorrow he's going to get out of the slump tomorrow his attitude is going to change the stock's going to fix itself tomorrow and you know what ladies and gentlemen it never does i shouldn't say never it rarely does there's a million past the success but there's one path to failure take advice from kenny rogers no one to walk away no one to run

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