In the book The Gone Fishin' Portfolio: Get Wise, Get Wealthy... and Get on With Your Life, by Alexander Green; the author states that
"Einstein lost his investment capital—including his Nobel Prize money—on bonds that defaulted"
Is this true?
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D1X
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No. The Nobel Prize money went to his ex-wife Mileva Marić as part of their divorce settlement.
See for example Mileva Marić (Wikipedia), and Dark Side of Einstein Emerges in His Letters (New York Times).
A somewhat detailed account of how the money was invested and spent appears here, but the information sources are not attributed, so take it with a grain of salt.
Charles E. Grant
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