Money Manager Michael Douglas Is Through With Investing

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Unlike his younger co-star, who has the stomach and the skills to withstand the highs and lows of trading, Michael Douglas is out.

The Hollywood actor - who made the motto famous as trader Gordon Gekko in 1987 film Wall Street - says he chased the big bucks for years. The movie veteran said: "I played. Years ago, through the tech booms, I definitely did it." Then it all came tumbling down. The actor, 65, said: "I lost 35 to 40 per cent of my net worth on the 2008 crash." Despite prices starting to recover, he was shocked into ending his profiteering - and pulled most of his cash from stocks. He revealed: "At the end of last year, I took a whole bunch out."

It's Wall Street Over For Douglas [The Sun via Daily Intel]

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