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Lessons in loss from the ultrawealthy

Dov Charney's share of American Apparel was estimated at over US$65 million in May 2014 and is now virtually worthless.

New York

DOV Charney, founder of the now-bankrupt retailer American Apparel, and Sam Wyly, who has bought and sold a dozen companies over the decades, from computer companies to steak houses, were both larger-than-life characters with checkbooks to match.

But the two self-made men...

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