Summary of The Billion Dollar Mistake

Learning the Art of Investing Through the Missteps of Legendary Investors

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The Billion Dollar Mistake book summary
Top investors can make the same stock mistakes as ordinary folks. Here’s how to avoid their errors.


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You might expect that legendary billionaire investors like Kirk Kerkorian, Aubrey McClendon and Nick Maounis would not make the same mental mistakes as a weekend investor. But they do. These investment geniuses, among the world’s smartest – and richest – investors, have lost billions of dollars through boneheaded stock picks. Author Stephen L. Weiss reviews a stack of big investment blunders by these and other renowned financial wizards. Weiss’s vast Wall Street experience backs up his analysis, but you’ll have to decide if he’s correct that people learn more from their mistakes than their achievements. getAbstract thinks you’ll enjoy his instructive saga of investment woes.

In this summary, you will learn

  • What are the biggest mistakes made by some of the world’s greatest investors
  • What lessons you can learn from their investment disasters


Don’t Do What They Do
Everyone makes mistakes. The fewer you make as an investor, the stronger your portfolio and the richer you become. You can learn what not to do by analyzing blunders made by the world’s most famous investors. Superstars make the same idiotic errors average investors...
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About the Author

Stephen L. Weiss has worked on Wall Street for decades and is a senior managing director and head of equities at Leerink Swann, LLC.

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