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http://www.businessweek.com/globalbiz/content/jul2009/gb20090720_048461.htm http://www.businessweek.com/globalbiz/content/jul2009/gb2009... http://www.zigwheel

• nicpottier 15y ago
  Thanks for linking those, makes you realize that those brilliant financial guys at Porsche maybe aren't ALWAYS brilliant. Pretty crazy swing there, remind me never to buy stock in either.
  • 0x12 15y ago
    The attempt of Porsche to take over VW has gone into history as one of the best examples of financial over-confidence. Porsche was doing really good and decided to bite of more than they could chew, nearly went bust as a result and ended up being bought by the party they originally sought to acquire. Wiedeking left with a 50 million golden parachute so I don't think he's complaining.
  • nraynaud 15y ago
    I'm not sure it's about being brilliant, it's about betting the house. G. Sorros bet his house and won, Porsche bet their house and lost. It's all about trying, failing and trying something else if it fails.
    • tomkarlo 15y ago
      That only works if you don't fail so badly that you can't try again.
      • nraynaud 15y ago
        those guys can always try again ...
        • tomkarlo 15y ago
          Not when it costs you your independence as a company.