Three Lessons From the Worst Trade I Ever Made

By Marc Lichtenfeld At a recent talk I gave to Oxford Club employees, I was asked about the worst trade I ever made and what I learned from it.
I learned a heck of a lot, let me tell you.
Back during the dot-com boom, nearly two decades ago when I was just three years into my career, I bought shares of an online sports video company called Quokka.
Don’t bother looking it up. It doesn’t exist anymore.
It streamed live niche sporting events and signed a deal to broadcast Olympic sports like kayaking and others that wouldn’t be shown on network television.
It had cool technology, but …read more

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