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  • "In 1994, then-copper trader Juan Pablo Davila was working for a Chilean government-owned Codelco Company, when a serious typo while trading online resulted in buying failing stocks instead of selling. During the nascent stages of Internet trading, this blunder was made worse by, when realizing his mistake; Davila went on a frenzy of buying and selling. The resultant loss of his actions caused the market such disruption, that by the end of it all, he had lost his company - and consequently, his country - roughly $175 million. At the time, this was equal to .5% of the country’s entire GNP. Thereupon, his name became a verb: a Davilar is now a screw up of royal proportions."


    September 30, 2008