Thursday, December 08, 2005


Have you ever messed something up? Made a fiscal error that made you want to slam your head on the desk? Forgotten to pay a bill, or overpaid a bill (I did once write $250 when I meant to write $25), or maybe clicked on ‘Buy It Now’ on eBay and, only after having signed off in blood that yes, you did want to buy that, realized that no, actually, you didn’t?

Take heart. As with most miseries, embarrassments, and other viciously nasty things that we can do to ourselves, there is someone out there who has it worse than you. Case in point for today: Mizuho Securities, who today managed the astonishing feat of accidentally screwing up a little stock order.

What They Meant To Do: SELL one (1) share of J-Com for six hundred and ten thousand (610,000) yen (which, the article helpfully tells me, is the equivalent of a little over 5,000 of our American smackers).

What They Accidentally Did: SOLD six hundred and ten thousand (610,000) shares for one (1) yen – less than $0.01.

They estimate that this little ‘oops, my bad’ is going to cost them about two hundred twenty five million bucks ($225,000,000).

And suddenly, I feel so much better about that time I bought a VCR/DVD player for $400, only to see the price on it drop by almost $200 a few days after I discarded the receipt…

1 comment:

Marianne said...

Ooooh, dude, you are so fired!