By Marc Jones 10 minutes ago LONDON (Reuters) - Even the most successful investors can get it horribly wrong, as reclusive British tycoon Joe Lewis has just found out.The septuagenarian British billionaire currency trader last year built a stake approaching 10 percent in Bear Stearns (BSC.N), a U.S. investment bank weakened by the subprime crisis and widely seen as a takeover target.
The speculation was half right. JP Morgan (JPM.N) set a deal to buy the stricken bank over the weekend, but at a knockdown $2 a share, implying a loss for Lewis of more than $1 billion.
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