On: Rain ruins one of Norway’s richest men

[charlesdm]

The honest answer is likely that he liked numbers. Not many people enjoy genuine retirement. But he probably shouldn't have gone all in. :)

[user5994461 → charlesdm]

The article says that the spread peaked at 17 times the usual.

He was probably accounting for some risk and a $20M silly bets times 17 times leverage wiped the whole fortune.