When Risk Taking Goes Too Far - The Archegos Collapse

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Комментарии : 3,5 тыс.

@Ben-kz2km 3 года назад

The five banks basically reenacted the prisoner's dilemma. Except, they were allowed to communicate and they still failed.

@ThePrashu31 3 года назад

When dealing with the likes of Goldman Sachs and Morgan Stanley, those European and Asian banks had no chance. I would have bet my life savings that it would be one of these two who would try to pull a fast one on the others.

@ManforSomeMarkets 3 года назад

“Prisoner’s Dilemma? No dilemma about it, the other guy was too slow.”

@thewanderer4509 3 года назад

Basic backstabbing

@moneyprinter9269 3 года назад

From a game theory expert view, the most rational action when you encounter a prisoners dillemma, is to cheat/backstab first.

@voorstenkamp 3 года назад

Can someone explain this prisonets dilemma?

@Big_Tex 3 года назад

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

@moofymoo 3 года назад

shh! Moses lost that tablet, we don't speak about those commandments.

@j4genius961 3 года назад

🤣🤣🤣🤣 And thou shall diversify

@loginavoidence12 3 года назад

people who use leverage remind me of the homeless or working class buying lotto tickets. avoid doing that.

@jamesasimmons 3 года назад

Book of Proverbs is full of verses about how evil debt is.

@oldmandoinghighkicksonlyin1368 3 года назад

And Moses said, "It literally cannot go tits up."

@kenichi9103 Год назад

"no individual has lost so much money that quickly" SBF: "hold my beer"

@jefflight8188 Год назад

I thought soo too, then checked and so the video was out a year ago lolz

@theguardian308 Год назад

Did he really “lose” it?

@Marco-fn6kg Год назад

🤣🤣🤣🤣

@SalfordMatt Год назад

Elon Musk: "hold my beer"

@BewareTheLilyOfTheValley Год назад

"With his car being a Hyundai, he wasn't your typical billionaire." Are we so sure about that?! 😂

@John-doe955 2 года назад

Anyone who claims to believe heavily in religious values while engaging in activities that have nothing to do with religion tends just be using religion as a shield from criticism and to gain trust by implying they will act morally.

@skindred1888 Год назад

Isn't that what everyone does ?

@Znwarp Год назад

Or a nutbar

@Cbd_7ohm Год назад

@@skindred1888 Religious people are always scammers and/or nuts and/or dumb.

@Cbd_7ohm Год назад

@@Znwarp Yep

@aluisious Год назад

Anyone who is a Christian and a capitalist probably doesn't understand either.

@charlesrichard7715 3 года назад

Always gotta love when the richest people on the planet say, "Life isn't about money." Yea, ok dude.

@Player-ix7rx 3 года назад

This is a saying of the rich people to keep the poor out

@capmidnite 3 года назад

@@Player-ix7rxThe rich have other ways of pulling up the ladder after they've made it, but saying such cliches probably isn't one of them.

@ascendrio 3 года назад

Being rich can´t buy you happiness, but being poor can´t buy you anything.

@GoldenuggetZMC 3 года назад

It isnt

@capmidnite 3 года назад

Those who built their fortunes largely from scratch often do it from an inner drive to succeed. Money and the things it can buy are just tangible evidence of their success. Those who inherit their money often just drift along in life, dabbling in the arts or philanthropy.

@dangremaus1164 3 года назад

LTCM did the same thing back in 1998-“Trust us, we’re the smartest guys in the business.” Massive amounts of leverage.

@skeetrix5577 3 года назад

ahh good ol LTCM. seems they never learn

@dustinreynolds1552 3 года назад

Yeah using risky algorithms that aren't fully tested and 100x leverage is basically a recipe of disaster

@techgod3670 3 года назад

We want a video on LTCM strategy and it's fallout by coldfusion

@kirilmihaylov1934 3 года назад

@@dustinreynolds1552 it is . In this business risk management is the most important

@mattmcfly2165 2 года назад

whiffs of enron. lol

@AUstinnesc 11 месяцев назад

Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 27, and earn nothing less $150k per year, but nothing to show for it yet.

@sherryie2 11 месяцев назад

When people have money, they spend it. And some people spend more money when they have more of it. If you want to improve your financial management, you should consult with a financial advisor.

@corrySledd 11 месяцев назад

@@sherryie2 That's right, you can avoid the traps of lifestyle inflation by consulting an expert advisor to help you plan for your short- and long-term goals; it all comes down to proper guidance. Over the past two years and six months, I have seen my income build wealth and now have a fully paid off house and at least $650,000 in stocks. All this is the result of subsequent investments with my savings and the application of expert advice.

@McElvinn 11 месяцев назад

@@corrySledd Nice, who is the Financial Advisor aiding you if this is not much i'm asking? my retirement plans are going down the drain with my 401k particularly losing everything it gained ever since 2021.

@corrySledd 11 месяцев назад

@@McElvinn credits to NICOLE DESIREE SIMON, one of the best portfolio manager;s out there. she;s well known, you should look her up

@McElvinn 11 месяцев назад

@@corrySledd She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.

@PanduPoluan 3 года назад

Always love your story of such disasters. You make things really clear for me, a non-economist. Keep up great work!

@JonatasAdoM 2 года назад

These could be shown on TV.

@biglil771 3 года назад

This man is single-handedly stopping inflation

@mth469 2 года назад

Bless his soul.

@kihbjcjdjd7022 2 года назад

Lol

@ajaymg1076 2 года назад

Who???? This RU-vidr??🤔

@iwams1 2 года назад

@@ajaymg1076 ur pretty thick

@First_Principals 2 года назад

The government are doing everything they can to stop deflation. Can they continue?

@txkos 3 года назад

I guess that was God’s way of telling Bill he didn’t need his help after all.

@migovas1483 3 года назад

God needs lots and lots of money, don't you know that? His glorious greed never ends...

@jimgsewell 3 года назад

God was obviously not pleased with him. Perhaps he should kill his first born, in order to get back on the right side of God.

@MayorSom 3 года назад

God probably said, "Don't waste my time: If ain't Bezos wealth, then I don't wanna hear it!"

@karnasingh860 3 года назад

@@migovas1483 How dare you to assumes god's gender you homophobic bigot

@kytv9000 3 года назад

If you win while praying for your christian god, it is god who has helped you win. If you lose, it is god that's telling you it does not belong to you. That is why your christian god on the other hand, is never wrong anyway.

@ronaldl9085 2 года назад

"He started with 8.8 million dollars from family and friends!" That's how the rich get richer.

@Zordiak 2 года назад

That ROI will turn $1000 into $2,270,000. Has nothing to do with the initial investment and everything to do with the rate of return. But "Muh rich people" right?

@deeree1037 2 года назад

That’s because he ran something called a “small family office”. This type of hedge fund doesn’t take outsider funds and only takes money from… family and friends. Less scrutiny from SEC, more leverage opportunities, less client disclosure. But your also trading with less principal capital.

@pass_the_flask 2 года назад

@@Zordiak 8.8 million gives you access to a fuckton more leverage than $1000 does

@bobbygetsbanned6049 2 года назад

@@Zordiak Don't forget he lost everything and people still complaining about the rich getting richer lol.

@DawryMike 2 года назад

@@bobbygetsbanned6049 Wow one rich guy lost his money so the whole sentiment must be false lol

@souvikrc4499 Год назад

And now Archegos is now one of the big factors that led to Credit Suisse's downfall.

@iceman4660 3 года назад

Beware anybody who uses their faith as an asset in promoting their business.

@getoffthisrocktravel2054 3 года назад

Mate i agree highly. I lived with a close mate (not anymore) who is a devout Christian and obsessed with trading stocks. He earned good money as a high up manager. But will never hire a tradesman to render/repair his house. Either its me bandaiding/repairing wear and tear or other mates for a carton of alcohol. When i moved out the washing machine hot/cold facets had busted off the wall & flooded the house. Instead hiring a plumber he paid someone off Gumtree/craigslist for $50..... the repair job was even worse. My "close mates" reaction " this breaks my heart my faith was in that man to help me out" 😑

@SF-fb6lv 2 года назад

I only apply 'faith' to math.

@DarkestMirrored 3 года назад

God, I love how our entire economic system is based on gambling on imaginary money that can vanish over the course of days, hours, or even minutes.

@davidlorang7697 3 года назад

It would be hilarious, except it affects us poor peasants.

@juandager5220 3 года назад

I thought so too. Until an economist friend made me realize all value is imaginary. Compare a Casio with a Rolex. Why are their values so different?

@spdzodzo 3 года назад

that's why the best investment is into things that can't be stolen or lose value like knowledge or health

@rhood0001 3 года назад

Buy Bitcoin.

@hirensingharay2157 3 года назад

Please read The Creature of Jekyll Island ! Hard facts exposing blinding faith.

@kylekennedy420 2 года назад

I can’t understand how Bill is still optimistic about his company, no bank will ever loan him funds ever again.

@victorgbs 2 года назад

Don't underestimate greed and stupidity. Ever.

@inkbold8511 2 года назад

He done something similar before and bank forgive him after 2-3 years and started lending him money again. And this time maybe another 2-3 years they will do the same thing

@Abyss-Will 2 года назад

I'm sure the dude is still handling millions.

@blaquentgruppe6547 2 года назад

bill have.cash sitting he never be poor

@Hello-um5dj 2 года назад

Trust me - as a trader - there are good and bad days--- Just because he lost that amount in a day doesn't make him a bad trader- he just have to go back to the drawing board and revise his risk management ! his lost doesn't take away how brilliant he is in taking millions to billions! and people who have the skill will tell you - "I can lose it all and still go get it again tomorrow" ! im sure he will raise again !

@bjkarana 2 года назад

Mr. Huang: "I'm wildly wealthy, but _life isn't about money_ ." God: "Hold my beer!"

@rosekelvin9409 2 года назад

😂😂😂😂😂

@God7OD 2 года назад

Ayo

@ajaypaul5184 2 года назад

God or wall street

@stellaofthelake3451 2 года назад

lmfao

@bobblue_west 2 года назад

Just a sleazy gambler and preaching Christ. Now called virtue signalling.

@FinancialShinanigan 3 года назад

Definitely easier to gamble with other people's money

@RudolfJvVuuren 3 года назад

Easier yes, smart....?

@Meatball2022 3 года назад

@@RudolfJvVuuren very smart unfortunately. But sometimes criminal. Any time the investor gives money to a guy like this, they are trusting they know what they’re doing. That’s their mistake. It’s always smarter to gamble with someone else’s money. Win and you’re a hero. Lose and it’s THEIR problem

@manigill8571 3 года назад

It's not easy bud. Some investors come after your life/ legally or illegally. Especially when 100+ mill is involved.

@Aliens1337 3 года назад

@@Meatball2022 I mean, dude is probably in protection for his life rn. You don’t lose billions of dollars and get off easily. You can fuck with poor people’s money, but fuck with rich people’s money and you’re a dead man.

@davemeads859 3 года назад

Depends who's money it is it's no fun gambling with loan sharks money

@rollyth6525 3 года назад

Used leverage once , flipped 500 in 5k then went -160 . Never again . Thank you

@cvspvr 2 года назад

i tried leverage trading with bitcoin once. the leverage was set to 100x but i had no idea what it meant, i just thought i was spot trading. within 30 minutes, i turned my $100 into $300, and then lost it all in the next 5 minutes

@Lymoate 2 года назад

@@cvspvr 😂

@sgtjonmcc 2 года назад

You both made the same mistake he did, when using leverage to any degree you have to reduce your "exposure". Your exposure is the percentage of your portfolio you place at risk. Rule of thumb when using leverage is to only use 10% of your typical exposure which is typically only 10% or less of your total portfolio. So if you do the math 10% of 10,000 is 1,000 amd 10% of that is 100. You do this because when in the case say 100x leverage 100 is multiplied (you borrow) 100 times your collateral 100 time 100 is 10,000. Doing this allows you to greatly increase the diversity of your portfolio. As a portfolio with $10,000 is equivalent to a portfolio of $1,000,000 dollars, only difference is the fact that you are extremely exposed to broad market volatility. As you could see from the example when the market turns out of your favor in one area you may be forced to liquidate other positions to compensate the losses.

@MrAaron5627 2 года назад

Yep, talk about an emotional rollercoaster. That's why I throw 75% of my retirement into a Vanguard S&P index fund me let it ride. I'll allow 10%, max, for high risk gamble. I'll be honest though, I bought a lot of gold before during the covid debacle and feel like a genius, even though I know it was dumb luck.

@stephenwest2 2 года назад

@@sgtjonmcc Who said that they dumped all their portfolio on leverage?

@sawyertargosz1396 2 года назад

He says he loves god more than money but with the way he makes money he must love god very much

@muppetb.lansing8374 3 года назад

This reminds of South Park, the banking episode; ".....aaaaaand, its gone!"

@RN-kl4kp 3 года назад

"If a walls street guy says it's not about money RUN "~ Rohan B Naik

@archockencanto1645 3 года назад

Why do I feel like you're Rohan B Naik...

@luxurylifestyle4518 3 года назад

Lol you correct man

@dr.science_0177 2 года назад

Who?

@fireflymedia97 2 года назад

I can hear the run bgmmm 😂

@cvspvr 2 года назад

ah yes, the famous rohan b naik!

@Calebgoblin 3 года назад

"it will probably be fine potentially" -Huang, probably

@ahahn928 2 года назад

"It'll be fine" - Drinker

@andwithtthat 2 года назад

The way you effortlessly switch between different pronunciations of Hwang to calling this man Bill like he’s your friend has me DEAD! 🤣 Keep up the good work!!!

@MrJosp87 2 года назад

"Archegos" ("Αρχηγός") means "Leader" or "Chief" in Greek

@kcanyon9108 2 года назад

Bravo!

@giannispets 2 года назад

Yeah... i laughed when they said in the video that archegos means something about Christianity haha

@JohnSmith-eo5sp 2 года назад

Could've sworn ARCHON was Greek for magistrate

@seliamila1005 Год назад

@@JohnSmith-eo5sp archon of Tevinter

@awijaya2116 3 года назад

The amazing thing about this story is that if we stopped it prior to him yeeting it all away, it'd be one of those inspirational self-made billionaire stories. Hwang's appetite for risk made him rich, but it was also responsible for his downfall.

@lukevortex1037 3 года назад

Like Icarus flying to close to the sun...

@thequantumguy5067 3 года назад

it also shows that a persons ideas and beliefs , the very things that drive their actions and thus make what he or she is, are way more important than what they have managed to "achieve" in life, as they can very easily loose every thing they gained due to their beliefs and ideas being fundamentally flawed and unsustainable

@abrararifify 3 года назад

This sounds exactly like the people in Wallstreetbets. The same people that make a million dollars due to their risk tolerance, but that same risk tolerance ends them losing all their money a few days later

@hollystiener16 3 года назад

He also practiced insider trading. He is not who he claims to be.

@awijaya2116 3 года назад

@@georginam824 I hate to defend Hwang, but the money he risked was either his or entrusted to him by personal friends. Archegos was a family office. It's why his personal net worth skyrocketed alongside the fund - even successful hedge fund managers don't see a 1:1 correlation between personal net worth and fund performance. So technically, he wasn't actually gambling with other people's resources. He's more like that guy who went bankrupt gambling at Las Vegas.

@brunosmith6925 3 года назад

Interesting to see that when stocks are on the rise, you're playing with imaginary money, but when the values fall, that suddenly becomes real money.

@terryhigson434 3 года назад

Vast majority of the money isnt real, they use wash trading to fake raise the price.

@Zyphera 3 года назад

In the end the money represent all humans possession and work time. No matter the value of the money. The possessions and work time will be the same.

@najibzaoui4073 3 года назад

@@Zyphera not really. money is supposed to represent "value" hence it is subjective. think of a louis vuitton bag. it costs $50 to manufacture yet it retails in the thousands. and someone will pay that amount. because they see some sorts of intangible value in it. value is subjective.

@Zyphera 3 года назад

@@najibzaoui4073 yes its subjective. Hence imaginary

@terryhigson434 3 года назад

@@najibzaoui4073 Something is only worth what someone is willing to pay for it.

@fhozouri 3 года назад

As usual, very interesting and comprehensive subjects. Thank you

@robertdais9069 Год назад

I love Cold Fusion stories & his music is slamming! Keep bringing awesome stories & dope ass beats!😁

@angelarch5352 3 года назад

"Money isn't everything... I want to spread the word of God." --> God smashes his stock to prove the point.

@BronzeAgeMan1350 3 года назад

Oh God, your comment is funny!!

@chrisjenkins9978 3 года назад

😂🤣😂

@nyackvaughn7863 3 года назад

Exactly

@thatsawesome2060 3 года назад

That's nothing, latter he can just become Priest and people willingly give him their money to buy his mansion and private jet.

@fahimshahriyar3118 3 года назад

@@thatsawesome2060 Hey man... God told him to buy the Jet :p

@jl2525 3 года назад

‘God has a long term view’ - quote of the year! LMAO.

@petercowling6769 2 года назад

who knew

@anthonyprice1576 2 года назад

So funny🤣

@jeremykwak8586 2 года назад

God: That's right, I do, but you, Bill, you don't

@AH-wr1ir 2 года назад

it's incredible how many intelligent people can be infected by religion to the point where they say stuff like this and not even realise their own stupidity. At its very worst, they can even be convinced to fly planes into buildings.

@nicholaschristian7189 2 года назад

Risk management... A lesson so simple and yet so hard to learn because practicing it may go against the very fabrics of our beings.

@SPYD0R 3 года назад

Excellent piece of reporting on this issue and great job on the presentation too.

@konsevdi 3 года назад

Paused at 5:49 just to say that ARCHEGOS is the word for LEADER in Greek and that's what I think he wanted to portray with the name.

@roverrange3674 3 года назад

I believe you. You have the most greek name ever.

@konsevdi 3 года назад

@@roverrange3674 lol thank you!

@ErugoPurakushi 3 года назад

I paused too, since that seemed like a glaring mistake (I'm Greek too). Then I googled "archegos etymology" and, for some reason, the first result I got was this Definition 1.The chief leader, prince a. of Christ www.biblestudytools.com/lexicons/greek/nas/archegos.html

@ameen2428 3 года назад

@@roverrange3674 lol, so true

@konsevdi 3 года назад

@@ErugoPurakushi sure that explains it! In terms of etymology however it's pretty clear.

@jaybee5315 3 года назад

“Bill was secretive, often conceiling particularly large holdings from his own analysts” So, a real life Bobby Axelrod

@TheDynamo94 3 года назад

He doesnt look like a carnivore fucking monster.

@henryeghaghara9385 2 года назад

Bobby was very particular about risk and he never hid position from analyst

@longhorndb 2 года назад

Axe wouldn't lose that much.

@blaquentgruppe6547 2 года назад

until two analyst spoke to each other.SWAP FEE IS AMAZING..HE REFUSE TO BAIL..HE SO GODLY HOW COHEN END UP WITH METS

@Visionary0001 2 года назад

Note that the guy who is interviewing Bill Hwang is literally starting to laugh in Bill's face, (6:36) when bill says he wants investors to "now the reality of God."

@peanutboy0921 2 года назад

I love this channel. Always learn something new.

@ismailnyeyusof3520 3 года назад

Bill Hwang, a well educated, savvy investor with the instincts of a hardened gambler and the missionary zeal of a religious extremist. Dangerous combination of three combustible materials. The secrecy of the whole thing was the most important part, I think, that made it so lethal.

@kirilmihaylov1934 3 года назад

He was a gambler

@yonisali3879 3 года назад

"A well educated, savvy investor with the instincts of a hardened gambler and the missionary zeal of a religious extremist. Dangerous " If you think about don't all all those things cancel each other out to some degree ?

@ismailnyeyusof3520 2 года назад

@@yonisali3879 some, maybe, but obviously not enough!

@Ah-dz5rf 2 года назад

religious extremist is a bit much

@small_joys2022 Год назад

Just a fraud who gambled with other's money and tried to use religion to cover it up.

@lazycomicgamer2313 3 года назад

I left this part of the Financial industry a few months before the whole archegos story was out. I had a contact at one of the Banks mentioned and they worked in a department that was somewhat closely associated(not fully) with Bill, When he call in looking for money My contact said he would alway end the call with "have a blessed day and thank you for doing gods work" and it just seemed off to him but his superiors told him its just who bill was. To me dude sounded like the scamTelevangelist you see on TV.

@Hello-um5dj 2 года назад

haha what's wrong with that - that was his believe- I thought we were in a world were people can be themselves. He was doing business with the bank- its not like they were giving him money for free!

@Setixir Год назад

@@Hello-um5dj Hes using it as a shield. Acting extremely devout while doing things that explicitly go against that is uh... Ya know...hypocritical

@alexanderg1935 2 года назад

When Hwang tells you there's nothing Hwang, but the leverage is guided by a prayer and a song, you know something is very Hwang.

@Psalms_31 29 дней назад

You funny😂😂

@MetroVancouverASMRGuy 2 года назад

These videos are so addictive, great work.

@zenyu94 3 года назад

" He was the son of a pastor " - oh boy here we go again

@marindraganov5897 3 года назад

Actually his faith has nothing to do with his investing style. Those are two quite separate things.

@SlapstickGenius23 2 года назад

I think the pastor father might have abused Bill Hwang a lot, which is why the latter is shady as he is.

@mth469 2 года назад

the only boy who could ever reach me was a son a preacher man.

@marindraganov5897 2 года назад

@@mth469 Nice song!

@talkingeclectic4540 2 года назад

Thats Ken Lay's upbringing, the father of Enron.

@mikeyounes2756 3 года назад

"Devout Christian" as if that brings any credibility or ethics with it.

@CoDxMassacre 3 года назад

lmao, it might have been said as a warning sign

@willyolio9590 3 года назад

It means they have no ethics, anything they do they can always tell themselves "I'm doing it for God"

@katherinealvarez9216 3 года назад

Like when a CEO/company says how they're "like a family" with thier employees.

@MickaelBNeron 3 года назад

Very much the opposite

@mrfake675 3 года назад

It can if people practice what they preach. This guy was a fraud who used the faith to serve his interests not God's. Sadly not very uncommon. But people use anything for leverage these days.

@FozzyZ28 2 года назад

Along with a pleasant voice, your factual information is correct. 👍

@orobleh77 3 года назад

I can understand making mistakes through un-calculated risks, but being a man of God and cheating or commiting fraud do not mix.

@damssen3234 3 года назад

That’s a great hairline. You’d think the stress would have destroyed it

@mathiaslarsen6829 3 года назад

Lmao he bought it

@mxnty83 3 года назад

😂😂😂😂😂

@thandoreviews8886 3 года назад

beautiful head of hair hey

@keno9964 2 года назад

He not stressed, other peoples money.

@glenjojo8371 3 года назад

You'll always find Credit Suisse, UBS and the top banks always involved in these stories

@DpKris 3 года назад

Also may be soft bank too.

@coolbuddyshivam 2 года назад

Goldman Sachs. They even helped a person rob $4 billion in Malaysia.

@curiosityshop2297 2 года назад

Dude credit Suisse has lost so many times I have no idea how they are still in business.

@peterpaul9320 2 года назад

Just Deutsche missing

@DoggoWillink Год назад

This is a good video on the background and mechanics of this, but I’d like to mention the Chinese government’s tightening on foreign listed (US) stocks and regulation on certain stocks such as online education stocks (which iirc were essentially banned overnight). He had heavy, leveraged positions in a couple of these stocks and almost overnight he lost an insane amount on them. I still remember when this happened and watching the market.

@altongrimes 2 года назад

"Family offices" is a reality I know nothing about but am intrigued to learn more about.

@MOTIVATIONBYDAR 2 года назад

It just means he had only family working with him like the mafia so they could ensure any illegal activity wouldn’t be leaked by future employees because they were all family and all benefited from it. Churches have been doing this for a while. Pastors appointment only family members to the churches board so any money that is being stolen from the members is never leaked because anybody in the know is family and is benefiting from the nefarious activities.

@Dogche 3 года назад

I have class from 8:30am and it’s 4:50am here in NewZealand. Let me grab some sleep Dagogo

@unbeatable3d 3 года назад

you still have 4 hours to sleep

@mytradingjournal123 3 года назад

I wonder if Dagogo uploaded it at 4:00 in the morning!?

@julien2231 3 года назад

@@unbeatable3d way to math.

@TJsVette 3 года назад

Get some rest

@sagbear 3 года назад

Better watch later after class

@AvastarBin 3 года назад

As Michael burry said : "He mistook leverage with genius." Edit : it's Steve eisman not burry

@trung2735 3 года назад

I pretty sure that was Steave Eisman

@L3uX 3 года назад

Yup, it’s Steve Eisman lol.

@Karzacan 3 года назад

Wrong guy bruh

@CG-yq2xy 3 года назад

"I repeat this until I am sufficiently leveraged for my Personal Risk Tolerance" -Lehman Brothers (probably)

@gonzalomoreno560 3 года назад

@@CG-yq2xy Guh

@bleachedrainbow 3 года назад

So basically my take-away from this is that this guy would have been one of the absolute "greats" at wallstreetbets

@wagonet 3 года назад

How did I not hear about this. What a story. Subbed. Wow such a great video

@a753951852 3 года назад

Nothing says virtues of the gods like defaulting on margin calls..

@ArbiterofMankind 3 года назад

And doesn’t the bible condemn the use of interest? Yet he borrows and shorts. 🤔

@Mechaneer 3 года назад

You know just what I like to see! I've been wondering who was going to be the first to make a good video about Archegos because I'm certainly interested in WTF they did and what exactly happened, but not enough to actually look up and read articles from multiple sources to learn about it.

@adi-kr6sh 2 года назад

BEST RU-vid Channel !

@BunneRabb 2 года назад

"Oh, I get it. Y'all are a couple of bookies." - Billy Ray Valentine - "Trading Places".

@mahindra123456789 3 года назад

Finally a version of this story I actually understand! Thank you

@Zantsak 3 года назад

Thank you for another high quality piece of work. It is just frightening how greed can run rampant.

@gabrielalan1004 2 года назад

Being of age and how to manage the sequence of returns in those early periods is what seems quite scary in the current market. The market is never a loser in the twenty year cycle, but the 2000s decade scenario scares me and could really disrupt my retirement. When you're no longer accumulating but withdrawing, it's hard to be anything but cautious.

@usarmy204 2 года назад

For now, investors getting started can feel overwhelming. Risk loom large and complicated, unfamiliar financial jargons can be intimidating.

@margaretjohn6198 2 года назад

Hello!!, I'm pleased to meet investors of PEGGY SUE WILSON. I recently ventured into investing with her undertaking trades on my behalf. She has been of great help and her tutelage has brought me to a higher understanding of profit generation.

@marcuswalkerjr.2756 2 года назад

Due to my experience, their is no magic in trading, having a strategy that ensures profits is the best you can do and that is not for novice, I lost over $5k trading with bad strategy, but with the help of an expert trader Mrs PEGGY SUE WILSON, I have recovered losses and even made more. I trade options and invest in bitcoin with her.

@marcuswalkerjr.2756 2 года назад

My first investment with Mrs PEGGY gave me profit of over $24,000 and ever since then, she has never failed to deliver and i can even say she is the most sincere broker i have ever known.

@martingilbert7642 2 года назад

This past months, i have been earning $70,000 weekly, having invested $13,000 and working with Mrs PEGGY SUE WILSON, trading signal.

@mennoknight78 2 года назад

The 'interview' at 6:26 feels like a scene from Mr. Show. It's almost surreally funny.

@Kncperseus 3 года назад

The fact that he's still alive and sane after losing 20 billion $ in 2 days is proof that he is no average guy. Making 20 billion $ is in itself a feat, but surviving its loss is a span of time so short?? Goddamn

@najibzaoui4073 3 года назад

high risk tolerance.

@IWantToStayAtYourHouse 2 года назад

Honestly i would probably neck myself if i was this guy

@MOTIVATIONBYDAR 2 года назад

He is probably very cold blooded which is a blessing and a curse as a trader. A blessing because wins or losses are both taken with no emotion but also a curse because you are ok with losing a bunch of other peoples money with no remorse or feeling of obligation to those investors.

@thefirsttrillionaire2925 2 года назад

I’m surprised someone hasn’t tried to knock him off yet

@supetrarealidadsucks7304 2 года назад

@@thefirsttrillionaire2925 can't.

@SubvertTheState 3 года назад

When wealthy people roll snake eyes: "I think the regulators need to get involved"

@derwin.tambunan 2 года назад

brilliant analysis. I love this channel

@andtheneverythingchangedwh5234 3 года назад

Thank you for making this video and explanation. I hope more people learn about this and back stronger regulation

@MixSonaProductions 3 года назад

i like it when you cover financial matters. Your channel has grown a lot. I have been with you since your note 2 video

@leosketches6640 3 года назад

Sad and impressive at the same time

@fredbailey5143 2 года назад

Invest just 10% of your earnings, your own hand-picked stocks. You'll realize that you have beaten "Monday blues" for the life.

@smithwillison6345 2 года назад

There's a mystery in investment.

@jamesmarcus4105 2 года назад

At one time, I worked for a 410k retirement plan company that handles retirements plans for transamerica, vanguards, and all others 410k and IRA corporations operating in America. I can tell you, at first that retirement plans are a scam designed to make investors money without spending a dime of their own money.

@oscarkelly3378 2 года назад

When you work on something that only has the capacity to make you 5 dollars, it doesn't matter how much harder you work. The most you will make is 5 dollars, very simple.

@tylerwilson5747 2 года назад

I've different news about bitcoin mining and how tricky it is but people still say it's safe, I just need a reliable business expert.

@ericrobert4651 2 года назад

@@tylerwilson5747 I made a cool withdrawal of $9400 on my first trade from Bitcoin mining and it was mind blowing.

@biologyenableswhatculturep1497 2 года назад

Such a insightful video, I have watched this 3 times now and I keep coming back to watch it all again. You make content live and that lands right in my mind :)

@AuthPrank 3 года назад

What I understood is that the man has a Gambling Addiction, Getting High off of taking Risks.

@YoungDen 3 года назад

High risk

@KLK01 3 года назад

He should be a mod at wallstreetbets lmao.

@inferno3080 2 года назад

🤣🤣🤣

@MCMLNJ 2 года назад

Excellent channel guys.

@moepharmo Год назад

When your winning it feels you can never loose, but you need an exit plan always!

@nasif3173 3 года назад

Love your videos. Get to learn many new and interesting things from your videos

@RXH88 3 года назад

I find it funny how he was playing the GOD card and throwing GOD into everything, as a way to justify what he was doing, when in fact he was nothing more than an gambling addict. LOL

@dr-k1667 3 года назад

Exactly.

@Remember-Death 3 года назад

That was very "Christian" of him.

@madamec.j7363 3 года назад

did you see the story in the news recently of the nun who gambled???

@nothingineternityterms 2 года назад

I think he met his goal. When the bank executives found out Hwang was out of money, they each yelled "JESUS!"

@vishalsinghbaghel 2 года назад

@@nothingineternityterms LMAO😂😂😂

@somerandomperson3970 3 года назад

"Guh.", Bill Hwang.

@harleighworkman7253 2 года назад

Stoked that you just spit clear facts! Get all the advertising out of the way off the bat.

@garyongyc 3 года назад

Yet another amazing video, thanks Dagogo!

@SpragginsDesigns 3 года назад

Never even heard of this. But my engagement rate of your videos is: 100% and subscribed with All notifications on. Also why I don't have Netflix.

@TheJamiester 2 года назад

Nice Fila Brazilia! Love this channel.

@DecontructRecreate 6 месяцев назад

Small correction. Archegos, αρχηγός in Greek, literally means the one that leads, a leader. The word doesn’t have any connections to any religion.

@MayorSom 3 года назад

Financial Times & The Economist are scratching their heads, "How are we not able to produce contents like this? How is one-man band RU-vidr making richer and more engaging contents in our niche, our bread and butter?"

@RainMan52 3 года назад

people who shout out "Gawd" at least 6 times in one sentence scare me.

@redhidinghood9337 3 года назад

Yeah there are many crazy christians from south korea. Many cults as well

@MichaelGGarry Год назад

"They mistook leverage for genius” - Steve Eisman

@Mayor1248 2 месяца назад

I keep loosing in real trade but win in Demo. Should I give up on Trade? What should I do? How may I do better? What I'm I doing incorrectly?

@vincentstewart1843 2 месяца назад

here is my problem I have been making losses trying to make trade. I thought to trade demo is just like the real..can anyone help me out or at least tell me on what to do.

@maureen... 2 месяца назад

I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.

@maureen... 2 месяца назад

Kate Floretta in stagram

@maureen... 2 месяца назад

Google "katefxfloretta" anywhere take classes and learn to trade.

@Godwin_blessing_felix 2 месяца назад

having a mentor is also very important when it comes to Trade, with out that, it can be very frustrating.

@keithwatson7830 3 года назад

I enjoy your channel, please keep them coming.

@Chemson1989 3 года назад

Dr.Strange: "Is that everyone?" Wong: "I want more."

@metallicarchaea1820 3 года назад

Underrated comment 👏

@IronMan-fi3xz 3 года назад

*Hwang

@astrofxmining1393 3 года назад

Awesome and very insightful updates Well i will also say this here... Even as the world still experience slow recovery in terms of economic meltdown due to the recent Covid-19 outbreak, it is best advised to find another alternative to make good income.

@jimmohbello3704 3 года назад

The rich sees every economic crisis as the perfect time to start up an investment, and I believe this would be a good time to start up an investment

@emmawelder3154 3 года назад

The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works

@jamahmohammad5795 3 года назад

@Juneau Kaltumah Great decision, honestly i don't even trade without investing with an expert or signing up for mentorship.

@user-cd6ny9yp9y 3 года назад

The master tuning for such successful trades requires great skills and expertise

@user-cd6ny9yp9y 3 года назад

The master tuning for such successful trades requires great skills and expertise

@jefflight8188 Год назад

I love how in 6:29 this guy was like “nah dude I ain’t buyin that”sorta expression🤣🤣

@willdavids7075 3 года назад

Great content! Can’t wait for more!

@avi4francis 3 года назад

Lesson Learnt: However personal it may seem, always make sure your portfolio looks like something others would love to invest in!

@timincal2002 2 года назад

Interesting part and one that's a lesson for anyone in the market. There was a point he could sell. He'd take significant losses but he and his firm would survive. But he wouldn't, he believed the stocks would come back. 'It'll come back' has wiped a couple of small investors I've known. Rule 1, accept losses so you can live to fight another day. Rule 2, see Rule 1.

@edwardpratchett7248 2 года назад

Well played!

@RebuttalRecords 3 года назад

I don't trust anyone who claims to know the mind of God.

@ladyj6278 2 года назад

I don't trust anyone.... period!!

@sebastianhussain4537 2 года назад

Yes how does someone know the mind that pops up with 404 error every time multiple messages try to describe it. Hard to describe a mind that has been seemed to be offline since BCE.

@sebastianhussain4537 2 года назад

@Walter Morris Well if god doesn't exist then this non-existence is the 404 error.

@ChaelSonnenEatsLebronsWeiner 3 года назад

He said “it’s not all about money” 😂

@User18277 2 года назад

Great Video!

@dicedpotato5587 2 года назад

So the Total Return Swaps are basically CFD (Contract for Differences/Spread Betting) in the UK? Difference is CFDs are provided by market makers and TRS are directively dealt with banks? Both are leveraged and will result in margin calls when markets move against traders?