Steve Jobs Made 'The Dumbest Trade Ever' Costing Him $10 Billion

MarketWatch is reporting that the dumbest trade ever was made by Steve Jobs and it cost him $10.3 billion.

It's got everything. Fame. Glamour. The exactly wrong trade at exactly the wrong time. Billions of dollars blown. And you won't believe who pulled it.

No, it wasn't some semi-pro hedge fund manager in Greenwich. An obscure European banker. Or a crazy trader in Hong Kong.

You ready?

It was Steve Jobs. Yes, the man who walks on water. The same genius who invented the iPhone, restored balance to the Force, and rescued Morpheus from the Matrix. Steve - Luke - "Neo" - Jobs. "The One."

In March 2003, Steve Jobs canceled all his options in return for $75 million in shares. The shares Jobs received are worth $2.5 billion today. If he had kept the options they would have been worth $12.8 billion.

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