Saturday, December 10, 2005


Typos can be expensive... three-billion-dollar expensive!
Mizuho, the world's second largest bank based in Japan, accidentally sold 610,000 shares, valued at $3.1 billion... for 1 yen each.

Fortunately for them, the actual loss totted up to $224m, thanks to market rules designed to limit price fluctuation.

Link via A Capital Idea.

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