Over the last year the Chinese Shanghai A stock market has
more than doubled. There were a lot of winners, but, inevitably, there were
losers. Last week the market lost 13%. Last night the market lost 7%.
One investor had 1.7 million yuan to invest in one stock.
Instead, he went on margin (a process where you borrow the money to increase
your potential winnings) and bet 1.7 million times four on the stock. It
plunged in value. There was no way he would ever be able to pay this back.
Yesterday, after arguing with his wife, he jumped from the
22nd floor of an office building. On the Chinese Internet men were trying to
say it was his wife's fault.
But he left a note. It said he loved his family and that the
decision to risk all that borrowed money was his alone. He said, "I was
greedy."
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