---
product_id: 20477834
title: "The Billion Dollar Mistake: Learning the Art of Investing Through the Missteps of Legendary Investors"
brand: "stephen l. weiss"
price: "33918 Ft"
currency: HUF
in_stock: true
reviews_count: 6
url: https://www.desertcart.hu/products/20477834-the-billion-dollar-mistake-learning-the-art-of-investing-through
store_origin: HU
region: Hungary
---

# The Billion Dollar Mistake: Learning the Art of Investing Through the Missteps of Legendary Investors

**Brand:** stephen l. weiss
**Price:** 33918 Ft
**Availability:** ✅ In Stock

## Quick Answers

- **What is this?** The Billion Dollar Mistake: Learning the Art of Investing Through the Missteps of Legendary Investors by stephen l. weiss
- **How much does it cost?** 33918 Ft with free shipping
- **Is it available?** Yes, in stock and ready to ship
- **Where can I buy it?** [www.desertcart.hu](https://www.desertcart.hu/products/20477834-the-billion-dollar-mistake-learning-the-art-of-investing-through)

## Best For

- stephen l. weiss enthusiasts

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- Trusted stephen l. weiss brand quality
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## Description

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## Images

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## Customer Reviews

### ⭐⭐⭐⭐⭐ Big Investors' Belly Flops: Fun Reads, Valuable Lessons
*by J***S on December 27, 2009*

Like golfers and fishermen, professional investors love talking about their greatest successes. However, as an investor I rarely find value in reading backslapping accounts of trades that made some investor wildly rich.Thankfully, "The Billion Dollar Mistake" is NOT one of those investor victory parades. Far from it.Author and Wall Street veteran Stephen L. Weiss has taken precisely the opposite tack, with great results. In "The Billion Dollar Mistake", he chronicles the single worst trade made by each of a dozen or so legendary investors. It's a well-researched set of cautionary tales. I enjoyed and learned from them.That this book exists at all seems remarkable. Weiss has gotten some of the world's leading money managers and industrialists to talk about their most embarrassing fumbles. I can't imagine that these investors wanted to revisit their biggest professional mistakes, but they do here. It's fascinating to read what they have to say about their worst investing errors. The details are captivating.This book is much more than simply an enjoyable read. The stories hammer home some important investing rules: Do your own homework. Spread your bets. Be careful with margin. Use derivatives like options sparingly. Respect market volatility. Avoid crowded trades.An even more important message comes from reading one after another of these massive miscues: Watch out, investors, hubris is always lurking. Weiss shows that each of these legendary professionals strayed dangerously from the investment discipline that made them successful. To me, these mistakes weren't about greed, they were about ego and infallibility. At some point, flush with years of success, each investor seemed to decide that his trade had to be right if he himself was willing to make it. History proved each to be dead wrong."The Billion Dollar Mistake" is a savvy and fresh look at markets, investing and human nature.

### ⭐⭐⭐ Overhyped
*by K***Y on March 2, 2010*

I gave it three stars. It was a good book, but not as good as it could have been. How could it have been better?First, though the introduction indicates that the author had access to many of the investors profiled, there are precious few statements in the investors' own words about what THEY THINK about their mistakes. It seemed like most of the book was just culled from newspaper accounts.Second, I don't know specifically how the author could have avoided this (admittedly, it's the point of the book I suppose), but I'm uncomfortable with the idea of the guy on the sidelines employing 20/20 hindsight to critique the missteps of the guy who was actually in the arena. A great book called the Halo Effect makes the compelling case that so much supposed business analysis is simply ex post narration of what happened as though it was inevitable (if a new product works, they were bold and smart, if it fails, they "strayed from their core competencies"). For instance, in the Cooperman chapter, Cooperman is criticized for playing in an inefficient market with little information. But that's the whole point: homeruns are found in inefficient markets where no one is looking. If he had been right, we'd all say he was a genius. I guess what I'm saying is that I resist the notion that there is always some folly or brilliance at work in a given investment.Although I'm skeptical that each mistake can be distilled down to pithy truths as the book implies, I still think it's worth reading. The biographical backgrounds in each chapter are interesting and inspiring to any aspiring investor, and the reader will gain insights into how each investor approaches investing generally, even if that's a more complicated thing than a few bullet points can convey.

### ⭐⭐⭐⭐ A good read on stock market.
*by D***. on March 16, 2024*

This is a book on the biggest losses on stock market investing. The book consists of 11 stories on stock market losses and every single one of them is bigger than $1 billion dollars. Every story has its unique lesson and beaty for you the investor. In my opinion is a book that can help you become a better investor.

## Frequently Bought Together

- The Billion Dollar Mistake: Learning the Art of Investing Through the Missteps of Legendary Investors
- The Big Win: Learning from the Legends to Become a More Successful Investor

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*Product available on Desertcart Hungary*
*Store origin: HU*
*Last updated: 2026-03-11*