How to Lose $20 Billion in Two Days

[@business]

Read more about Bill Hwang on Bloomberg Businesssweek: www.bloomberg.com/news/features/2021-08-09/where-is-bill-hwang-the-man-who-lost-20-billion-after-archegos-collapsed

[@TsarOfRuss]

Why didnt you do this documentary before he bankrupted?? now you are putting idiots on screen to make them look smarter that a guy who was once worth $20 billion ??? if they are so smart, why didnt they call it before it happened ?????

[@WhatWhy42]

The way the system let's people remain anonymous is a danger to the future of stocks and governments all over

[@goldnutter412]

If this doesn't have Peter Sellers and a Cato meme moment I'm gonna be disappointed lol

[@newchannel1220]

his father was a religious scammer, and the son was a financial scammer.

[@edwindonald8898]

. + ONE ( FOUR SEVEN FIVE ) - TWO EIGHT ONE - TWO NINE TWO FOUR .

[@christopherbundoc1663]

“Apparently the Holy Spirit likes using 5:1 leverage in his investment portfolio.” -Benjamin

[@manuelstaxx6859]

😂

[@davidallen8611]

😂

[@qwerty1994ize]

😂😂

[@fabz2874]

Under rated comment 😭

[@EduardoEscarez]

Thou shalt keep your portfolio diversified and without leverage - The 11th commandment.

[@doom2avatar]

At this point I'm just glad the man was honest about his moves. It's the banks fault that they backed what is effectively a WSB yolo position

[@johndor7793]

"WSB yolo position" ?

[@gordonjohnson2497]

@@johndor7793 Wall street bets, a forum that discusses the app-based options trading casino antics of millennials losing their bank and occasionally hitting jackpot.

[@gordonjohnson2497]

@@johndor7793 Yolo you only live once

[@johnl.7754]

The ultimate diamond hand

[@kholofelolebepe9637]

@@johnl.7754 That turned into cabbage hands

[@psycheisssdelic]

200m to 20b in only 7 years, that is still a legendary achievement. had he cashed out we probably wouldnt even know his name.

[@brentfarvors192]

If me, all the women would know it...

[@Buffalo_Soldier]

playing stock market like that is just gambling. and he ended like gambler. It's only as "imppresive" as winning millions in a lottery.

[@ZayStacks892]

@@Buffalo_Soldierno it isn’t I can tell you never traded 😂it’s not a blackjack table it’s real education and experience that goes into this he made more then most dream, in a job most couldn’t do hats off to that

[@Buffalo_Soldier]

@@ZayStacks892 and besides... In blackjack experience and knowledge of actual state of the game can actually cause you to have positive average outcome - if you can choose your bets freely (card counting + betting less when odds are stacked against), so that's one of few games that are actually bad counter examples :D

[@owenb8636]

Bill took from the rich and gave to the retail investor. A true Christian

[@localtribe2851]

true 🤣

[@MustangKepler]

He Also contributed charitable organization which has US$500 million is assets.

[@2011blueman]

Retail investors weren't short the stocks that Bill was long on.

[@realtortong]

Bill is a pseudo Christian.

[@plantiron]

*So what's your investment strategy ??* Hwang: Jesus take the wheel

[@DoubleM55]

Jesus: What's calls and puts? What does a "Margin call" means? *crash*

[@johndorilag4129]

I didn't know Jesus was a banker too according to a lot of these fools

[@Antiperubahan]

Omg i hear a song from Hillsong in my head after i read this🤣🤣

[@TheDavidlloydjones]

Not an ounce of Jesus there. Pure American Protestant Evangelicalism. South Korea, at one point widely but incorrectly called "the most Christian nation on Earth," was for a few years one of the most popular markets for this racket. It's still in command in the US Midwest, and suppllies a crucial, my pure guess, 12% or so of the vote to make the Trump phenomenon possible. Yechhh.

[@averageprogrammingenjoyer2059]

WWJD

[@dureykothao]

YOLO-ing for the father, son and holy spirit

[@anthonyli913]

Amen

[@rho008]

Ain't YOLO-ing if he's using money that he doesn't own.

[@Wickedmen0303]

Amen Trump bless

[@aravindpk9484]

@@rho008 he owned 2/3 rds of it (on paper)

[@sankhya_0461]

Benjamin?

[@yasinmahmudchowdhury1412]

A true Wallstreetbets GOD. He should be eternalized as a WSB Hall of Fame.

[@74jf92jd]

@@pramilashaktawat4429 I’m not listening to someone who misspelled ‘search’

[@bakerstreet101]

Diamond hands!

[@holdingpattern1254]

That comparison is ridiculous considering the guy was on the other-side of the trade as short hedge fund that got destroyed by WSB.

[@misterjoey3384]

Annual Archegos Awards, anyone?

[@NWBIZGUY]

The new GOH…

[@boyboiboi2317]

If it had went the other way, he would have been immortalised as a legend lol.

[@MelvinJ64]

Nah, he would just have lived to bet another day. Guys like this never have enough. He'll just want more and more till he loses it all.

[@anon69669]

Nobody would know who he is if it went the other way

[@Nosirt]

@@anon69669 he had a 20 billion dollar position. If that had went the other way to 90% gain- (I’m not sure if he had option positions but most lively)- he could have had anywhere from 40 billion to 500 billion dollars. AKA, there was a chance that he would have made more money than combined Jeff bezos and elongated musket. People don’t seem to realize, having a 20 billion dollar position in a single stock is insane. Even firms like Berkshire Hathaway worth 500 billion don’t have 20 billion position on any single stock. Most firms divided at least 1% and maybe some do 3% of total asset in a single position. Bill was putting 100% of 20 billion in a single position.

[@alext5497]

That's true for a lot of history

[@Unreal989]

@@Nosirt I spit my drink, "Elongated Musket" LOL

[@jewellwalker9808]

It’s important to remember that no investment strategy is likely to produce market-beating returns year after year and none are immune from the risk of losing money.

[@dr.ervingalen1777]

Being aware of different potential strategies is useful for those who hold funds run by a fund manager, as it may be better to pick managers with a range of strategies as part of a portfolio of funds, creating a more diversified portfolio.

[@davidhudson3001]

Deciding on a suitable strategy can depend on various factors. which broker would you recommend ?

[@investorwest8735]

Great you know about Tamara Diane hagan. i worked with her as beginner. made my first million with help

[@davidhudson3001]

Thank you. will look her up. i have head about her from colleagues.

[@jimmyneutron129]

Shut up!

[@Val_kyriee]

My granduncle, who is a very religious man (born again types) and is settled in the US, once praised Bill to us at a family dinner. This was just a few months before this whole thing blew open. The whole "Christian" angle played very well amongst the "Christian" crowd.

[@anthonyzeal6263]

When you succeed you’re praised..when you fail you’re vilified.

[@clocktower1164]

Bill Hwang, that sheep Dolly, and many other really disgustingly weird things emitted from one place ----> South Korea. It's the Korean culture that made them what they are, people with talents who prefer to use their talents to do bad things.

[@mrfantastic5874]

Balance mei guy

[@idk-cj2qy]

@@clocktower1164 You're generalizing way too much. Try to specifically criticize one aspect of their culture instead of just claiming that all South Korean culture is bad, it doesn't really get much done. People do bad things all around the world and they come from all around the world.

[@jesselowe5346]

@@clocktower1164 oh yeah Korean culture is so terrible, not like mass shootings and generalized horrifying violence isn't a part of our culture in America

[@hakunamatata7507]

@@clocktower1164 chill out bro 😎

[@lukmanabdinasir7927]

He forgot the 11th Commandment: Thou shalt be careful with the leverage.

[@hotdogfrog]

Exactly. just as our founding fathers intended!

[@babagandu]

Great Somalia !

[@asumamonsta]

Noted ol wise one

[@lukmanabdinasir7927]

@@babagandu haha how did you know that I'm from Somalia?!

[@JohnDoe-ps5hi]

@@lukmanabdinasir7927 cuz you look like a pirate… arrrghh

[@Saidul0_0]

Few years ago a Bus didn't return my change. I still get anxiety for that.

[@idib1739]

😂😂😂😂

[@inferno3080]

Hahah

[@gmr2gnr]

hah

[@erockstoenescu6171]

You have to ride a city bus and you get anxiety from change? Yikes

[@watsappenin2865]

Bro I once went to the shop and the cashier scanned the next customers milk that he placed down whilst he stepped back and looked at the news papers,I told the cashier and he dealt with the problem and took the money off my purchase. I got home and checked my receipt and I had paid for 2 4 pint bottles of milk, and I'm guessing he also paid for the same milks. I still get flashbacks now I could even argue I surref from PTSD

[@alumezi95]

Here is how: You lose $10B one day and than the next day you loose another $10B.

[@Nesggy]

Amazing 😂

[@apollo5261]

'No clever strategy' yeah, he only went from 200 million to 20 billion in 7 years. Clearly he was doing something right.

[@death5913]

Yeah Like a BAD gambler He didn't know when to stop I still imagine how much he would gain If it went the other way around

[@Rikaishi]

Not necessarily. Every trader's luck is somewhere on a bell-curve. There will always be a few people on the edges of that curve who have made outsized gains (or get inexplicably rekked) purely off the back of dumb luck.

[@cat3584]

@@Rikaishi how’d he get the original 200 mil?

[@DHAGSFU]

@@Rikaishi The dude was a tiger cub before, he was in the industry for many years. Thats not luck, thats just skill mixed with greed.

[@LegitBacKd00rNiNJa69]

winning strats aren't always clever

[@djayjp]

Good doc but should've included a deeper discussion of the swaps and the extent of leverage. Still puzzled how he made 100x returns in 7 years, even with 5x leverage. Also it didn't discuss the key reason it imploded: each bank didn't know about the other banks' positions, therefore each believed Hwang's overall position was much smaller than it actually was (not doing DD).

[@stevenagy88]

Agreed

[@djayjp]

@@omkar9783 Thank you for validating my point that such content is missing on this video.

[@omkar9783]

@@djayjp yes this vid was more about his overall journey rather than that specific event.

[@djayjp]

@@omkar9783 If you say so.

[@kangkim150]

5x might have been the average leverage not the maximum. He could have had option swaps which would have given him 20x leverage. Or even 40x leverage because options risks are defined at the time of the trade. 40x leverage on Facebook options from starting from 2013 would have netted him 800x return.

[@siduk2636]

Why does every huge hit to american markets usually start with Goldman Sachs

[@shaider1982]

In Despicable me, it was renamed the Evil Bank. Edit: yup, double checked,I should have saie Lehman Brothers.

[@Lalit-yw2tb]

​@@shaider1982 That was Lehman Brothers if I recall correctly. It read: "Bank of Evil, Formerly Lehman Brothers."

[@younes2415]

@@Lalit-yw2tb nah, that's the one that didn't survive, what evil genius loses and can't come back? That's right Goldman Sachs is THE evil bank! It makes money even when it loses.

[@xuanl9403]

Goldman Sachs sold his position in the first time while all four banks agreed to not sell.

[@jimmyj100]

They usually act very quickly and act first

[@hanifmsomc]

"And anytime I see the name Goldman Sachs, I am always curious." 😂

[@temimegraham1904]

Underrated comment

[@grimaffiliations3671]

Idgi

[@sterlingpound217]

@@grimaffiliations3671 I don't get It

[@grimaffiliations3671]

@@sterlingpound217 you and me both

[@iliapahalko512]

pls explain 🤔

[@leoem4nuel]

Swap is an oversimplification of the product in question. I would recon that it is referring to Total Return Swaps, where Archego does not have ownership of the securities but receive the total return of capital gain + dividend in cash.

[@theflyingempanada]

Also called CFDs

[@leoem4nuel]

@@theflyingempanada CFD and swaps are totally different products. For CFD, you gain or loss the difference in value over time in cash terms. For Swaps, you do not necessarily receive cash in return.

[@Jamgwarn]

Bill: “Passage 420, Jesus states; yolo jolo time to yeeteth, and yeeteth thy shall”

[@josephbrennan370]

😂I'm dead

[@sm3675]

🤨?

[@investor.z]

"Any fortune built on borrowed money has a shaky base" Almost all fortunes were built on borrowed money/leverage. Whether it was a loan from a bank to start a business, or a small loan of a million dollars from your parents.

[@JinKee]

and the rest bought bitcoin at $1

[@thatdude034]

Nope.. Statistically most of our current billionaires are self mades that came from low-midclass families and even in cases where they came from more affluent families (Gates, Musk, Jobs) their companies (and hence fortunes) where built primarily through sweat equity.

[@thatdude034]

@@BabyJesus66 it's basically public record. According to forbes 9/10 richest people in the world are self made. I know for a fact that the names listed (Musk, Jobs, Gates) built their companies from legit scratch.

[@Rust_Rust_Rust]

@@thatdude034 Musk had famous and rich parents that could move him out of South Africa and into the US.

[@mikebabcock2979]

@@Rust_Rust_Rust he slept in an ymca for a long time and in an office. his parents gave him a green card and thats it

[@Novilicious]

Make a movie out of it!!!! Call it the “preacher of Wall Street”

[@None_x934]

I like that title.

[@marilynlucas5128]

Hallelujah Wall street is better

[@nnzrsinanovic2772]

They did already well it's documentary but still great. ALPHAGO its name of movie/documentary

[@ricardoamendoeira3800]

The big long

[@ask_why000]

It would be a great story of rags to riches to real life.

[@John-hp2hg]

Say what you will, but this guy has balls of steel. It takes a very special person to do what he did. I would love to get his side of the story.

[@JJ-fc2ho]

Apparently, so does the justice department.

[@drampadreg1386]

To what, weaken an economy with offshore accounts to avoid taxes like most billionaires? Economy destroyers, they get rich, your country prints money to make it up, and your money is worth less. Some call it "inflation" but that's the opposite. Deflation is what happens in a credit debit system And it's obscene to hoard that kind of wealth while children go hungry and climate change needs huge investments to stop, remember it gets worse for another 8 years after we stop emissions so things are looking pretty bad. Beep billionaires.

[@SevenEllen]

Which part 'he LOST $20 billion' did you miss???

[@firebear787]

@@JJ-fc2ho I honestly dont see why he can't fight the charges. Was he negligent and too risky, yes? The only people he misled were the banks only to acquire more leverage. Its not like he was YOLO'ing client funds into crypto or short-term mortgage-backed securities. He just loves leverage

[@JJ-fc2ho]

@@firebear787 The man snitched on himself and then blamed the feds for it.

[@albertbrian6448]

We all have to be careful about using all your leverage when trying to expand, else we won’t have anything to fall back to

[@loishendereven9370]

An advice to everyone avoid trading overactivity, Create a schedule whereas you limit the checking of your stocks, This has helped me greatly cause most times I don't notice the little fall on my stocks, Stocks might drop for a minute but increase but if one constantly monitor their account they would get scared and pull out not knowing the next minute the stock moved even higher.

[@emilywillenbring5162]

it's a sick game but you learn to play or stay poor for life. I hate that companies only provide 401k in stock markets that crash every 5-10-15 years. This just steals so much of hardworking peoples life savings and it's disgusting. I hate it but you either understand the machine or you are just numb to it when it happens.

[@christinajurado9180]

I have been trading for about 4 months now and just about every trade backfires and slaps me in my face. Nearly impossible for me to catch more than a few points. I try to do top down analysis but it doesn't work for me, any tip for a struggling beginner?

[@iantownsend3078]

Venturing into the trading world without the help of a professional trader and expecting profits is like turning water into wine, you would need a miracle,

[@jennpersin294]

@@christinajurado9180 I would recommend you to Mrs Karen Lynn Olsen’s concept trading. Her concept entails proper risk management which results to profits when dealing. It’s not something you get on most KZbin videos and tutorials

[@alanv3185]

He left them Hwanging with the Bill...I'll see myself out

[@doom2avatar]

Video forgets the meeting between bank reps before the collapse of archegos to discuss a collective strat. If they all stuck together archegos could've survived another day and the banks would see small losses. Instead goldman immediately bailed first taking small losses but the other banks lost much more. Credit suisse was the last to move

[@Tential1]

Imagine meeting with Goldman Sachs and thinking that they will treat you well.... Rofl

[@javierjp8549]

Of course they did😐 they never say the bad things the big firms do

[@benbakhshi]

Wealth is transferred from the impatient to the patient.

[@experiencejk]

How do you know that he would have survived? What was Hwang's position?

[@SuperPointlessblog]

@@benbakhshi yet Goldman the most impatient lost the least and Credit Suisse the patient lost the most.

[@MajinXarris]

Archegos means leader in Greek. Well he fell like a hero.

[@notsojharedtroll23]

More like a Greek Tragedy

[@toh3211]

Archegos was named for Jesus as the leader

[@michaelepp6212]

Archegos, meet Icarus

[@keely2014]

How is he a hero?

[@uprightape100]

"Oopsie" has lost all meaning in an age of Enron, WeWork, Theranos, and Hwang.

[@samsonsoturian6013]

Scams are nothing new. In fact in the 17th century there was one stock sold for company that would make money "in a manner to remain secret to all but the issuer of shares." Plot twist: He disappeared with the cash.

[@sharsasuke01]

Enron and WeWork? Those are new to me. Time to research.

[@shaider1982]

@@sharsasuke01 enron was news during the 00's

[@PhilipKaskela]

@@sharsasuke01 that was the biggest financial story of the early 2000s. You can't not know about it.

[@myczxr]

@@sharsasuke01 wework was quite recent. enron was just at the turn of the millennium.

[@kaymish6178]

Bill Hwang is going to be a footnote for the carnage coming between now and December.

[@youngre6el38]

should one sell and buy the dip?

[@deividsonaraujodepaula2790]

@@youngre6el38 YES! I HEAR YOU!!!

[@kaymish6178]

Yep. Or atleast keep more cash than you would normally.

[@globalbridges8570]

December put options 5% below the current market price

[@Remember-Death]

Nah, the FED will step up and dump even more money to keep things afloat. They won't let all of the super-rich drown.

[@baumulrich]

Ken Griffin: "hold my citadel..."

[@EmotionalScenes]

Bill Hwang Diamond handed his position to the end , you sir earned the respect from all of us apes 🚀😎

[@johndonaldson3619]

Bill Hwang Diamond handed his position to the end , you sir earned your prison sentence from all of us 🚀😎

[@Wickedmen0303]

@@johndonaldson3619 what did he do? He only lost his own money and that of big banks. So yeah maybe he is getting jailed for life.

[@quantumair8619]

it was viac?

[@newstation795]

@@quantumair8619 yessir

[@newstation795]

@@quantumair8619 and discovery I think

[@saahilsharma1000]

Me with 20 cents in my pocket: Aah, Incheresting title, might as well use this to save myself someday

[@aperture0]

😭😭😭😂😂

[@leonardlee8652]

He still has net assets of more than $500m thru his Grace and Mercy Foundation

[@guydreamr]

Of which he is in abundant need of both.

[@TheWebAdict]

So, no one knows how much was there to begin with, yet we just assume he put everything on the line?

[@camgill007]

Bill Hwang is alive and well. Why are you guys referring to him in the past tense? He is a great entrepreneur who is one of the most modest people you will ever meet in life.

[@Lovingdogsclub]

20 Billions, in two days bro

[@fleammm]

Dude he is a giant loser

[@JerkingLegacy]

I lose $2 and cry

[@amvideos1041]

I lost 1000 dollar

[@thestranger252]

He lost the banks' money in God's name.

[@notsojharedtroll23]

Holier than thou

[@johnl.7754]

Too bad Goldman Sachs got away

[@puregsr]

Justice is served

[@ivanchandratchen]

@@puregsr 🤔

[@abdulhadisalk8435]

😂😅

[@jamuojisan]

The invisible whale is too big a job for the invisible hand to handle.

[@fk9975]

😂😂😂😂

[@cactu]

Watching this makes me feel not so bad about losing $10 million and becoming broke.

[@PandaBlyat]

what?? nah do feel bad .-.

[@detyelram2819]

The moment they mirrored this guy to a regular retail investor really pisses me off. We don't use leverage like wall street does. This one guy got caught but JP Morgan, Goldman Sachs, Citibank and BoA together have 189 trillion in derivative liabilities. Why not the scrutiny on them?

[@zhang_han]

The biggest HODL'er of all time, powered by sheer faith and leverage. It's only a matter of time before something like this happens.

[@Stoicsov]

Regardless, I respect the guy for believing in the stocks he invested in so deeply

[@RamirezGold]

The more somebody trys to appear religious, the less likely it is that he is.

[@Stoicsov]

@@RamirezGold I was talking about his diamond hands, not his religion lol

[@bora--bora]

do not marry your stocks

[@johnl.7754]

@@RamirezGold I agree but he never tried to recruit other investors at his church.

[@alex0589]

It’s called being dumb and wrong, no virtue, he’s just a wall street guy who lost

[@MayorMcC666]

It’s weird how people take #YOLO so much more seriously when they talk about Jesus first

[@ravenchan8041]

Why not? If you knew the story of David, you will understand. Following Jesus isn’t always success, but I’m telling you failures mold greatness.

[@sm3675]

Lol. Taking a lot of interest is a sin in Christianity. But nonetheless he's an interesting man and should be a reminder for some.

[@enijize1234]

@@sm3675 Can you you use scripture to verify this? Islam has scripture against taking/giving loans but in Christianity I never heard of this.

[@mishaf19]

@@enijize1234usury is outlawed in the Bible through dueternomy 23:19. I don’t care gimmie them yummy loans but that’s what scripture says.

[@Patrick-ui9fg]

where can i get the job of borrowing multiple bank's money to bet on the stock market?

[@emilyfranklin8190]

This was the best video I have seen in a few years! So much information that was taught well! I swear this is what should get taught in school 🏫!

[@bobbymainz1160]

If you are not conversant with the markets, I'd advise you get some kind advice or assistance from a financial consultant or Investment coach. That’s the most ideal way to jump into the market these days because these whales don't care if you get hurt.

[@marksway7292]

@@bobbymainz1160 true that. i lost 200k in my early days of trading before i was introduced to samantha leigh wentland. she has helped me grow my portfolio. I'm currently on 150k a weeek profit now

[@emilyfranklin8190]

@@marksway7292 can you share her details, any other recommendations will be appreciated. others might benefit from her services too

[@marksway7292]

@@emilyfranklin8190 look her up on line

[@roland7584]

@@emilyfranklin8190 Are you really on KZbin comments trying to find a financial advisor?

[@jjjjjly]

This guy had fun with biggest gambling in human history for thousand years and even lost it, he still has couple million to spend rest of his life.

[@njugunamaina]

Ngl he sounds like a cool guy who possibly doesn't care how much he lost

[@death5913]

I'm pretty sure He is depressed after losing that Much Money

[@buscapee]

@@death5913 doesn’t sound like he cares for money. He just enjoys the thrill

[@amisha678]

Nah there's a kind of apathy you develop towards money especially when you make gains & losses and then end up making big losses. This kind of apathy mostly sets in if you use your parents money, or someone else's money instead of your hard-earned daily labor money. People who've never earned, wagered & lost their hard-earned money develop this kind of apathy towards money/dont care when they lose that money.

[@walterwhite8333]

doing bets with God's name, doomsday.

[@chillmarky4347]

The classic "If you owe the bank $100, that's your problem. If you owe the bank $100 Million (roughly $9 Billion this time), it's the banks problem."

[@MCRuCr]

I hate it when people say "XY million/billion Dollars GONE" or "DISAPPEARED". Money doesn't disappear into nothing. But the value of a stock can. Please differentiate.

[@jimmyj100]

Calm down, investment nub

[@donnag7288]

Same difference to me LOL

[@potatomatop9326]

Ask me if you wanna know how to never ever ever have $20 billion in the first place.

[@ReddoFreddo]

Ok how?

[@potatomatop9326]

@@ReddoFreddo play raid shadow legends all day and drink mountain dew.

[@nosauce338]

@@potatomatop9326 spend on gachas

[@akablack2155]

I would stop there since its not investor money but his own

[@theshyinvestors3302]

It means absolutely nothing for us non-billionaires when the stock market goes up, but when it goes down, we lose our jobs. Strange world we're living in haha

[@yesny2235]

I love to see him come back. Please show the world you are back!!!

[@chrispaul3778]

When you invest you're buying a day you don't have to work

[@cassiejacobs4197]

@Madie Zancanellatl you're right it's obvious a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to stay poor

[@thomasdooley3702]

Starting early is the best way to get ahead of build wealth, in.vesting remains the priority

[@theIdlecrane]

"On a long enough timeline, the survival rate for everyone drops to zero"

[@wli2718]

Zero Hedge

[@tomlxyz]

"[...] assigned to a church in Las Vegas" seems so perfect to describe him

[@deepdude4719]

😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄

[@mushrifsaidin]

2:19 I actually wiped my screen thinking there's dust lmao

[@AkilJacob]

$20B driving a Hyundai. He don't give a sh!t about it.

[@wayando]

He was likely just playing a hobby, and the balance was just a way to keep score.

[@AkilJacob]

@Oleng Clerence He really didn't care about $.

[@SirOlgaC4]

@Oleng Clerence Clearly he understand the next kingdom.

[@death5913]

Because Hyundai Is Korean owned and he's Korean

[@mayacho4910]

This is why crypto, still is the best option, in my opinion. Is all about saving money, not spending extravagantly.

[@theresagarcia1218]

Frankly i don't disagree.

[@raymondbarnes5264]

I'm actually trying to go into the trading business, and i have no idea how to begin, any tips?

[@mayacho4910]

@@raymondbarnes5264 Run a search on her, she can help you get started, you will be directed to her page, then leave your message.

[@mayacho4910]

@@raymondbarnes5264 'PRISCILLA DIANE AIVAZIAN"

[@raymondbarnes5264]

@@mayacho4910 Thank you for this, i will be sure to do that.

[@BeatBoxBrian]

2:00 how ‘bout SBF?

[@cryptochello2808]

Once they found about him, they looked for holes in his armor. Unfortunately for him they weren’t hard to find.

[@rochester3]

100% leverage yeah didnt need to even look far at all to see what happend

[@slimmx2k12]

All of the stories are amazing. Please keep them coming.

[@pmorton7960]

I'm not a financial expert, but as an older person, it's starting to look like money is approaching monopoly bucks value in the next 10 years or so.

[@zhenyucai8688]

Lol it's not the end of the world. I mean look at the Japanese yen. 1yen is basically worthless haha.

[@pmorton7960]

@@zhenyucai8688 true that. Do they even make pennies any more?

[@death5913]

@@zhenyucai8688 Not just the Japanese yen The Korean won And Indonesian rupiah also

[@Cmdtheartist]

He was indicted in 2022 of racketeering, securities fraud, and wire fraud. That's going to cost him a lot of Hail Mary's.

[@alexanderthompson1416]

The zoom in at the 1:09 spot on the video made me chuckle

[@vivarevolution3527]

He remembered me of ' Harshad Mehta ' once an India big bull , who misused the loop hole in the law

[@ExclemationMark]

First thing that came into my mind: Coldfusion.

[@Stoneface_]

Coldfusion is better than Bloomberg

[@None_x934]

@@Stoneface_ all day everyday lol

[@edwindonald8898]

I really appreciate This video this is exactly what I need as motivation.

[@donaldown6515]

Yes I really like the way he educate people on this because I also lost a lot of money on this bitcoin stuff but thanks to one Mr scarlet Robert who helped me in trading

[@delilahjames1696]

Wow 😲 I'm surprised you called that name here. Yes I have been working with him and he is super fabulous.

[@anthonyhill2967]

wow I'm just shock someone mentioned and recommended expert Mr scarlet i thought I'm the only one trading with him.

[@hannahjones5108]

How can I reach out to this Mr scarlet Robert because I really want to know more about bitcoin

[@steventepper1842]

. + ONE ( FOUR SEVEN FIVE ) - TWO EIGHT ONE - TWO NINE TWO FOUR .

[@jeffreysmart5461]

Mr Reid is a great Account manager

[@jamesmicheal3159]

Working with Sir. reid has really been helpful and profitable

[@jochemharald282]

Sir. reid has made profit making seem so easy. I haven't experienced failure since he started trading for me

[@carleddiewesley4960]

All thanks to my uncle who introduced me to Sir. Reid Hoffman.

[@franklinbrook1289]

Sir. Reid Hoffman is a great mentor

[@alardditmer2582]

I can say Sir. Reid is one of the best options when it comes to trading

[@DarkstarDarth]

I bet he’s a lot closer to that bible than ever before.

[@rochester3]

hes going to quote he came into the world poor and poor he must go lol

[@sm3675]

. Big banks don't joke.

[@death5913]

@@sm3675 😓

[@Petroguest-i4g]

Even if bond yields are increasing while stock prices are decreasing, the markets are still skeptical whether the Federal Reserve will stick to its goal to raise interest rates until inflation is under control. While I'm still debating whether to sell my $401k worth of equities, what is the best way to profit from the present down market?

[@devereauxjnr]

I advise you to seek professional advice because building a strong financial portfolio is more challenging. Your long-term objectives and budgetary preferences can be catered to in the ideas you get after that.

[@Countstep0099]

@@devereauxjnr Agreed! I first contacted a Financial Analyst because these days, it's easy to buy into trending stocks, but the task is knowing when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. I’m currently 60% up in profits just in 5months with my initial capital of $700k

[@2024Red-j5t]

@@Countstep0099 Please can you leave the info on how to reach your investment advisor here? I’m in dire need for one.

[@Countstep0099]

@@2024Red-j5t My Financial Advisor is NICOLE DESIREE SIMON. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.>

[@ElasticbrandNet]

The one thing odd here is the ending: “Asking ourselves why?”. You give the answer in the piece: The fact he is a man of (blind) faith is not a negating factor, it is the cause of his recklessness. And with that his downfall. If he had hedged and accounted for failure this wouldn’t have happened.

[@MumbiYamba]

Exactly, how can all these banks be so incompetent in giving his firm so much leverage without knowing whether or not he had sufficient hedges in place incase his positions went against him?

[@metabugZ]

Q: How to Lose $20 Billion in Two Days A: YOLO on $AMC

[@allmoneyin1370]

That's how to make 20b

[@1mijaz]

This video: No one has ever lost that much money that fast. Jack Ma: Hold my bear.

[@prioto]

when you say 30bn wiped out, isn't there someone who is winning on the other side of the trade? how can money be wiped out? please explain

[@amisha678]

*"His $20bil was profits..."

[@alexbrown5308]

Sigma grindset 💯💯

[@pramilashaktawat4429]

🟦SERCH ADITYA RATHORE- HE ALSO MAKES INFORMATIVE CONTENT LIKE BLOOMBERG

[@radnukespeoplesminds]

Everyone on wallstreet is a gambler, not just bill hwang. Its just the size or the bets and the risks that are different

[@shgalagalaa]

@young98 Crazy how consistently making money is a profession

[@48grainsoffreedom]

If you understand Bill Hwang's story, then you understand South Korea's mind. Church and money. Apparently not concievable together and yet, fused in the Korean mind. It's a disease, a sin, that Korea still relies on today.

[@deepdude4719]

🙃🙃🙃🙃🙃🙃🙃🙃

[@KindaJadedish]

I'm so sorry

[@death5913]

@@deepdude4719 more like GAMBLING

[@grahambeyer6254]

All you need is a captivating story and you can make a living s/telling the story on the speaker circuit.

[@dingdongditch1000]

I wouldn’t be surprised if more hedge funds collapse later this year.

[@williamdrijver4141]

I never knew God was into investing. Interesting and well made video. It again shows tough regulation is needed. Wall Street and bankers never learn. Keep them on a very short leash and throw them in jail if they mess up.

[@deathroll914]

in islam it is not permitted

[@k0ufaR]

@@deathroll914 who asked?

[@Cbd_7ohm]

@@deathroll914 fk islam

[@gravitymediapro]

Outstanding storytelling and explanation.

[@limjialok7516]

I'm waiting for a updated version of how kenneth c. griffin lost more than 20B and bankrupt citadel

[@MA-tf5sv]

The guy lost his personal fortune… better than losing clients’ money.

[@overlordnahak]

13:40 this is not true, beneficial ownership of the swap must be disclosed in an instance where the position requires an SEC filing

[@piyulkothari]

He could have saved his empire by accepting to sell some of securities to increase its equity but one bad decision has eroded his whole fortune.

[@AlmightyKiz]

Exactly

[@SpeakHearSeeNoEvil]

It's rarely ever just one thing that gets you. Not selling was just one more bad decision in a series of bad decisions.

[@tomlxyz]

He probably wouldn't have gone to 20 billion if he was changing his mind

[@redroyce4590]

I guess he wanted a world record. So he got one for losing the most amount of money in the shortest time.

[@elongatedpikachu4029]

It’d be different had brokers had not gotten rid of the buy button in January for certain securities. The whole system would have imploded over what the media calls”meme” stocks. Archegos would be a drop in the bucket had that not happened.

[@tomlxyz]

How to loose 20 billion: Step 1: have 20 billion

[@dinero99]

Or be in a position to borrow 20 Billion

[@tomlxyz]

@@dinero99 you'll need to have billions of assets to be able to do that

[@candyfloss184]

10:46 any fortune built upon borrowed money is standing like a house of cards.

[@cutietaehee]

Top-notch reporting. Nothing more. Nothing less.

[@thEM1ghtyricer]

Everyone asks, who is Bill Hwang. Nobody asks, how is Bill Hwang.

[@xxxs8309]

He seems like a nice guy,shame what happened to him

[@rochester3]

too bad he let his belief get in the way of common sense

[@WorldsHypocrisy]

The amazing thing from this story is - Nobody still knows who Bill Hwang is!

[@kartiersupremewhite330]

Extremely interesting and informative.

[@isaachassel]

I'm hoping Mr. Hwang calls the Dave Ramsey show sometime. I'd love to hear the call "I'm 10 billion dollars in debt, should I sell the car?"

[@MrWaheedulHaque]

Really fans will know this was previously uploaded but made private this is the reupload i wonder what they changed

[@EvilHazeEdits]

11:50, of-course Goldman Sachs can escape anything. 'Goldman Rules The World!'

[@AdrianDucao]

In short The Holy Spirit like leveraged position until it doesnt

[@TheBishop12]

7:15 Bro’s entire trading strategy: Jesus take the Wheel