* When the market cracked, Devaney went bust and was forced to sell his yacht, his plane, and his Renoir (for a nice profit) and defend himself against several nasty newspaper articles. "It takes an honest individual to admit that he was wrong," he wrote, in one of several rambling letters released over the PR Newswire. "I was long in 2007 and was wrong."
"He was incredibly cynical about the market," said Charlie. "And he lost money. I never figured that out."