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Andy Beal worth 4.5 billion

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  1. MarketMaker MarketMaker is offline

    Herndon, VA
    United States

    Posts: 93
    Joined: Aug 06

    Sep 30th, 2009 (9/30/2009 6:59pm)

    Remeber him. Played against the corporation (doyle, todd, jennifer harmon, Ivey, etc)
    in the big game. Beal was the biggest gainer in the Forbes 400, buying distressed loans and assets. Gates, Buffett, down for the year.
  2. Dyzalot Dyzalot is offline

    Candia, NH
    United States

    Posts: 14,473
    Joined: May 05

    Sep 30th, 2009 (9/30/2009 7:06pm) in reply to MarketMaker

    Andy Beal is very smart. While most banks were handing out loans to people like it was candy during the credit/housing bubble, Beal's banks were pulling back and not loaning so indescriminately. Now they have the capital available to buy up any asset that they view as being undervalued.
     3
  3. SjCp0kerStar SjCp0kerStar is offline

    San Jose, CA
    United States

    Posts: 154
    Joined: Jul 09

    Sep 30th, 2009 (9/30/2009 7:54pm) in reply to Dyzalot

    now that's boss..
  4. pikappraider78 pikappraider78 is offline

    Gainesville, FL
    United States

    Posts: 2,039
    Joined: Aug 07

    Sep 30th, 2009 (9/30/2009 8:00pm) in reply to Dyzalot

    ivey shoud play him heads up for like 200 mill blinds 500k 1 mill.
     
  5. Anywayz_ Anywayz_ is offline

    United Kingdom

    Posts: 4,250
    Joined: May 08

    Sep 30th, 2009 (9/30/2009 8:02pm) in reply to pikappraider78

     
    Originally Posted by pikappraider78 View Post

    ivey shoud play him heads up for like 200 mill blinds 500k 1 mill.

    that would make a decent version of HSP for sure
  6. BBerryYumYum BBerryYumYum is offline

    Cape Girardeau, MO
    United States

    Posts: 311
    Joined: Feb 09

    Sep 30th, 2009 (9/30/2009 8:02pm) in reply to Dyzalot

     
    Originally Posted by Dyzalot View Post

    Andy Beal is <STRIKE>very</STRIKE> stupidly smart.

    Fixed that one for ya.
  7. threeven threeven is offline

    Tucson, AZ
    United States

    Posts: 18,612
    Joined: Feb 06

    Sep 30th, 2009 (9/30/2009 8:02pm) in reply to BBerryYumYum

     
    Originally Posted by BBerryYumYum View Post

    Fixed that one for ya.

    lol what?
    2
  8. TheFirm53 TheFirm53 is offline

    Chicago, IL
    United States

    Posts: 6,508
    Joined: Nov 07

    Sep 30th, 2009 (9/30/2009 8:39pm) in reply to threeven

    He's brilliant. Read up on him because his story is incredible. He forecasted this whole down market and was prepared and able to turn this situation to make him, his bank and investors a shit ton of money.
  9. JAAAAA!!!! JAAAAA!!!! is online now

    Greenwich, CT
    United States

    Posts: 1,889
    Joined: Jan 07

    Sep 30th, 2009 (9/30/2009 9:15pm) in reply to TheFirm53

    http://www.forbes.com/2009/04/03/ban...reet-beal.html

    Here you go ^^^^^
  10. Kevin Jessee Kevin Jessee is offline

    Preston, MD
    United States

    Posts: 213
    Joined: May 06

    Sep 30th, 2009 (9/30/2009 9:32pm) in reply to MarketMaker

    would poker be any fun whatsoever if you were worth 4.5 billion?
  11. wild_ride wild_ride is offline

    Isle of Man

    Posts: 1,598
    Joined: Mar 06

    Oct 1st, 2009 (10/1/2009 2:16am) in reply to MarketMaker

    PAGING OT

    PAGING TEXAS

    PAGING RESILIENT
  12. allinblind allinblind is offline

    Honolulu, HI
    United States

    Posts: 821
    Joined: Jan 07

    Oct 1st, 2009 (10/1/2009 3:20am) in reply to wild_ride

    awesome article and thread...
  13. trojanmana trojanmana is offline

    Compton, CA
    United States

    Posts: 288
    Joined: Oct 07

    Oct 1st, 2009 (10/1/2009 3:41am) in reply to Kevin Jessee

     
    Originally Posted by Kevin Jessee View Post

    would poker be any fun whatsoever if you were worth 4.5 billion?

    it would be like us playing penny games.
  14. Digz Digz is offline

    Richmond, VA
    United States

    Posts: 651
    Joined: Aug 07

    Oct 1st, 2009 (10/1/2009 3:52am) in reply to trojanmana

     
    Originally Posted by trojanmana View Post


    it would be like us playing penny games.

    Some people do play because it's fun... and competitive...
     
  15. kwkramer kwkramer is offline

    United States

    Posts: 340
    Joined: Jan 08

    Oct 1st, 2009 (10/1/2009 3:58am) in reply to MarketMaker

    ivey owned beal at the poker tables, but beal clearly owns ivey in what they are both after... life roll
  16. jcpeace jcpeace is offline

    Kansas City, MO
    United States

    Posts: 5,071
    Joined: Jun 07

    Oct 1st, 2009 (10/1/2009 6:09am) in reply to Dyzalot

     
    Originally Posted by Dyzalot View Post

    Andy Beal is very smart. While most banks were handing out loans to people like it was candy during the credit/housing bubble, Beal's banks were pulling back and not loaning so indescriminately. Now they have the capital available to buy up any asset that they view as being undervalued.

    He LOLz at the "big game" since he shits casinos
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