So if they lost 9 billion, who gained the 9 billion? Where did the cash go to? | Hacker News

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dromidas on June 28, 2012 | parent | context | favorite | on: JPMorgan Trading Loss May Reach $9 Billion

So if they lost 9 billion, who gained the 9 billion? Where did the cash go to?

joshu on June 28, 2012 [–]

That isn't really how it works.

You buy shares of XYZ for $100. It falls in value to $50. Where did the $50 go?

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