Recoup Losses facts
While investigating facts about Recoup Losses Meaning and Recoup Losses Synonym, I found out little known, but curios details like:
Disney's "Dumbo" was solely made to recoup the financial losses from "Fantasia". "Dumbo" became an Academy Award winner and saved Disney during WW2
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In the early 90s, a Chilean stockbroker, Juan Pablo Davila, accidentally lost $30 million, selling stock instead of buying. He tried to recoup the losses, but ended up losing $176 million more. He lost his job, got 3 years of jail for defraudation, and inspired the verb "davilar" (to screw up).
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In 2013, an Australian High Roller bet upwards of $1 Billion AUD, losing $20 Million AUD in the process. His response was to sue to the casino to recoup his losses, claiming the establishment "lured him in with gifts". The case was thrown out of court.
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Mainstream cruise lines often sell tickets at a loss because they will recoup their losses from passengers' spending on board the ship.
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Part of the reason casinos have maximum limits is to prevent people from using the Martingale betting system: doubling their bets with every loss so that when they eventually win (a statistical certainty) they recoup all their losses.
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Francis Coppola was worried his film Apocalypse Now would be a box office flop and could bankrupt him, so he decided to quickly make a happy musical to recoup his losses. In the end Apocalypse Now was a success, but the happy musical (One From the Heart) was a disaster and bankrupted him anyway
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Early investors in Ponzi schemes, who profited while other investors lost everything, can be legally forced to surrender any profit they made in the scheme so that others can recoup their losses
