Is it worth it to worry greatly about the failed investment?

JPMorgan Chase is the largest financial conglomerate and the sixth largest company in the world. The value of its assets exceeds $ 2.5 quadrillion. But there could be an order of magnitude more if it were not for one long-standing incident.

By 1912, the American investment company JPMorgan was still very young, but had already accumulated substantial capital. Her priority at that time was the conquest of international markets. To this end, JPMorgan has actively invested in promising European financial companies. The main purpose of such investments was not so much profit as subsequent gaining control.

In the spring of the same year, another target of the Old World — Lloyds Bank, became the next target of JPMorgan. It was about acquiring a 75% stake in the bank. For the initial investment negotiations and subsequent takeover, JPMorgan sent one of its top managers, one Jensen Rose, to Britain.

The result has been achieved. Jensen negotiates an early deal and enters into an agreement of intent. On the same day, Rose bought a ticket to America to deliver the contract to JPMorgan and prepare the deal itself.

Jensen, as a successful financier, could afford a first-class ticket. By the way, the cost of that ticket was $ 3,100, which in terms of modern money is equivalent to $ 124,000.

Alas, Jensen could not get to America. Documents were lost, and he died on April 15, 1912. Jensen Rose’s ticket was on the Titanic.

In fact, this fact did not cancel the possibility of a transaction between JPMorgan and Lloyds. However, upon learning of the collapse of the Titanic, British bankers strangely decided to abandon the deal. If the transaction did take place, JPMorgan would become the largest financial company in the world even then.
Spent

Another story happened relatively recently and received great publicity. You must have heard of something similar. The plot focuses on an unfortunate but enterprising private investor (if you can call it that) from the United States.

By and large, the protagonist of our history is not even an investor, but a programmer. After all, computer scientists like to test all sorts of new gadgets and programs. And so, in the spring of 2010, a programmer from Florida, Laszlo Hanech, decided to test a new program for making money on the Internet. The bottom line was to get a certain set of encoded information.

After spending several weeks on this, he decided that the program had no prospects. And in order to get at least some benefit from the time spent, and at the same time for the sake of interest, he decided to exchange the already received code for pizza. More precisely, two pizzas.

Finding an enthusiast who agreed to such an exchange, Laszlo was very happy. According to our hero, who he later voiced for the New York Times, pizzas were delicious. Everyone was satisfied.

This transaction was the first exchange of bitcoins for real goods. The code sold by Hanec was equivalent to 10,000 bitcoins. At that time, bitcoins really did not cost anything.

Over the next three years, everything has changed. Cryptocurrencies are widespread and popular. The Bitcoin exchange rate has skyrocketed thousands of times.

As a result, Laszlo bought the most expensive pizza in history. Indeed, now for 10 000 bitcoins you can get $ 3,550,000.