KZhead

How to Lose $20 Billion in Two Days

Bloomberg Originals
2021 ж. 9 Там.
2 016 890 Рет қаралды
Жүктеу

It would be hard to find someone who lost as much money as quickly as Bill Hwang did in March 2021. The previously unknown Wall Street whale and his family firm, Archegos Capital, triggered losses of more than $20 billion in just two days. The result was one of the most spectacular implosions in modern financial history.
Read more about Bill Hwang on Bloomberg Businessweek: www.bloomberg.com/news/featur...
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Пікірлер

  • 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

    @business@business2 жыл бұрын

    • 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 ?????

      @TsarOfRuss@TsarOfRuss2 жыл бұрын

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

      @mikebar42@mikebar422 жыл бұрын

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

      @goldnutter412@goldnutter4122 жыл бұрын

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

      @newchannel1220@newchannel12202 жыл бұрын

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

      @edwindonald8898@edwindonald88982 жыл бұрын

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

    @christopherbundoc1663@christopherbundoc16632 жыл бұрын

    • 😂

      @manuelstaxx6859@manuelstaxx68592 жыл бұрын

    • 😂

      @davidallen8611@davidallen86112 жыл бұрын

    • 😂😂

      @qwerty1994ize@qwerty1994ize2 жыл бұрын

    • Under rated comment 😭

      @fabz2874@fabz28742 жыл бұрын

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

      @EduardoEscarez@EduardoEscarez2 жыл бұрын

  • YOLO-ing for the father, son and holy spirit

    @dureykothao@dureykothao2 жыл бұрын

    • Amen

      @anthonyli913@anthonyli9132 жыл бұрын

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

      @rho008@rho0082 жыл бұрын

    • Amen Trump bless

      @Wickedmen0303@Wickedmen03032 жыл бұрын

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

      @aravindpk9484@aravindpk94842 жыл бұрын

    • Benjamin?

      @sankhya_0461@sankhya_04612 жыл бұрын

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

    @owenb8636@owenb86362 жыл бұрын

    • true 🤣

      @localtribe2851@localtribe285110 ай бұрын

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

      @testingapps2145@testingapps21452 ай бұрын

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

      @2011blueman@2011blueman2 ай бұрын

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

    @plantiron@plantiron2 жыл бұрын

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

      @DoubleM55@DoubleM552 жыл бұрын

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

      @johndorilag4129@johndorilag4129 Жыл бұрын

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

      @Antiperubahan@Antiperubahan Жыл бұрын

    • 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.

      @TheDavidlloydjones@TheDavidlloydjones2 ай бұрын

  • 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

    @doom2avatar@doom2avatar2 жыл бұрын

    • "WSB yolo position" ?

      @johndor7793@johndor77932 жыл бұрын

    • @@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@gordonjohnson24972 жыл бұрын

    • @@johndor7793 Yolo you only live once

      @gordonjohnson2497@gordonjohnson24972 жыл бұрын

    • The ultimate diamond hand

      @johnl.7754@johnl.77542 жыл бұрын

    • @@johnl.7754 That turned into cabbage hands

      @kholofelolebepe9637@kholofelolebepe96372 жыл бұрын

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

    @boyboiboi2317@boyboiboi23172 жыл бұрын

    • 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.

      @MelvinJ64@MelvinJ642 жыл бұрын

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

      @anon69669@anon696692 жыл бұрын

    • @@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.

      @Nosirt@Nosirt2 жыл бұрын

    • That's true for a lot of history

      @alext5497@alext54972 жыл бұрын

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

      @MultiGotch@MultiGotch2 жыл бұрын

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

    @psycheisssdelic@psycheisssdelic Жыл бұрын

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

    @anthonyzeal6263@anthonyzeal62632 жыл бұрын

    • 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.

      @clocktower1164@clocktower11642 жыл бұрын

    • Balance mei guy

      @mrfantastic5874@mrfantastic58742 жыл бұрын

    • @@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.

      @idk-cj2qy@idk-cj2qy2 жыл бұрын

    • @@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

      @jesselowe5346@jesselowe53462 жыл бұрын

    • @@clocktower1164 chill out bro 😎

      @hakunamatata7507@hakunamatata75072 жыл бұрын

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

    @yasinmahmudchowdhury1412@yasinmahmudchowdhury14122 жыл бұрын

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

      @cinnamonycoffee@cinnamonycoffee2 жыл бұрын

    • Diamond hands!

      @bakerstreet101@bakerstreet1012 жыл бұрын

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

      @holdingpattern1254@holdingpattern12542 жыл бұрын

    • Annual Archegos Awards, anyone?

      @misterjoey3384@misterjoey33842 жыл бұрын

    • The new GOH…

      @markkao9954@markkao99542 жыл бұрын

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

    @Saidul0_0@Saidul0_02 жыл бұрын

    • 😂😂😂😂

      @idib1739@idib17392 жыл бұрын

    • Hahah

      @inferno3080@inferno30802 жыл бұрын

    • hah

      @gmr2gnr@gmr2gnr2 жыл бұрын

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

      @erockstoenescu6171@erockstoenescu61712 жыл бұрын

    • 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

      @watsappenin2865@watsappenin28652 жыл бұрын

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

    @lukmanabdinasir7927@lukmanabdinasir79272 жыл бұрын

    • Exactly. just as our founding fathers intended!

      @hotdogfrog-cc8657@hotdogfrog-cc86572 жыл бұрын

    • Great Somalia !

      @babagandu@babagandu2 жыл бұрын

    • Noted ol wise one

      @asumamonsta@asumamonsta2 жыл бұрын

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

      @lukmanabdinasir7927@lukmanabdinasir79272 жыл бұрын

    • @@lukmanabdinasir7927 cuz you look like a pirate… arrrghh

      @JohnDoe-ps5hi@JohnDoe-ps5hi2 жыл бұрын

  • 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.

    @jewellwalker9808@jewellwalker98082 жыл бұрын

    • 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.

      @dr.ervingalen1777@dr.ervingalen17772 жыл бұрын

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

      @davidhudson3001@davidhudson30012 жыл бұрын

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

      @investorwest8735@investorwest87352 жыл бұрын

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

      @davidhudson3001@davidhudson30012 жыл бұрын

    • Shut up!

      @jimmyneutron129@jimmyneutron1292 жыл бұрын

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

    @hanifmsomc@hanifmsomc2 жыл бұрын

    • Underrated comment

      @temimegraham1904@temimegraham19042 жыл бұрын

    • Idgi

      @grimaffiliations3671@grimaffiliations36712 жыл бұрын

    • @@grimaffiliations3671 I don't get It

      @sterlingpound217@sterlingpound2172 жыл бұрын

    • @@sterlingpound217 you and me both

      @grimaffiliations3671@grimaffiliations36712 жыл бұрын

    • pls explain 🤔

      @iliapahalko512@iliapahalko5122 жыл бұрын

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

    @siduk2636@siduk26362 жыл бұрын

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

      @shaider1982@shaider19822 жыл бұрын

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

      @Lalit-yw2tb@Lalit-yw2tb2 жыл бұрын

    • @@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.

      @younes2415@younes24152 жыл бұрын

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

      @xuanl9403@xuanl94032 жыл бұрын

    • They usually act very quickly and act first

      @jimmyj100@jimmyj1002 жыл бұрын

  • 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.

    @John-hp2hg@John-hp2hg2 жыл бұрын

    • Apparently, so does the justice department.

      @JJ-fc2ho@JJ-fc2ho2 жыл бұрын

    • 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.

      @drampadreg1386@drampadreg1386 Жыл бұрын

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

      @SevenEllen@SevenEllen Жыл бұрын

    • @@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

      @firebear787@firebear78711 ай бұрын

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

      @JJ-fc2ho@JJ-fc2ho11 ай бұрын

  • 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.

    @Val_kyriee@Val_kyriee2 жыл бұрын

  • 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).

    @djayjp@djayjp2 жыл бұрын

    • Agreed

      @stevenagy88@stevenagy882 жыл бұрын

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

      @djayjp@djayjp2 жыл бұрын

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

      @omkar9783@omkar97832 жыл бұрын

    • @@omkar9783 If you say so.

      @djayjp@djayjp2 жыл бұрын

    • @@djayjp agreed. This vid should have it

      @tomr6955@tomr69552 жыл бұрын

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

    @Novilicious@Novilicious2 жыл бұрын

    • I like that title.

      @None_x934@None_x9342 жыл бұрын

    • Hallelujah Wall street is better

      @marilynlucas5128@marilynlucas51282 жыл бұрын

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

      @nnzrsinanovic2772@nnzrsinanovic27722 жыл бұрын

    • The big long

      @ricardoamendoeira3800@ricardoamendoeira38002 жыл бұрын

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

      @ask_why000@ask_why0002 жыл бұрын

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

    @mayacho4910@mayacho4910 Жыл бұрын

    • Frankly i don't disagree.

      @theresagarcia1218@theresagarcia1218 Жыл бұрын

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

      @raymondbarnes5264@raymondbarnes5264 Жыл бұрын

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

      @mayacho4910@mayacho4910 Жыл бұрын

    • @@raymondbarnes5264 'PRISCILLA DIANE AIVAZIAN"

      @mayacho4910@mayacho4910 Жыл бұрын

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

      @raymondbarnes5264@raymondbarnes5264 Жыл бұрын

  • 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.

    @jjjjjly@jjjjjly2 жыл бұрын

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

    @uprightape100@uprightape1002 жыл бұрын

    • 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.

      @samsonsoturian6013@samsonsoturian60132 жыл бұрын

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

      @sharsasuke01@sharsasuke012 жыл бұрын

    • @@sharsasuke01 enron was news during the 00's

      @shaider1982@shaider19822 жыл бұрын

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

      @PhilipKaskela@PhilipKaskela2 жыл бұрын

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

      @myczxr@myczxr2 жыл бұрын

  • I lose $2 and cry

    @JerkingLegacy@JerkingLegacy2 жыл бұрын

  • Outstanding storytelling and explanation.

    @gravitymediapro@gravitymediapro2 жыл бұрын

  • 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.

    @leoem4nuel@leoem4nuel2 жыл бұрын

  • 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

    @doom2avatar@doom2avatar2 жыл бұрын

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

      @Tential1@Tential12 жыл бұрын

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

      @javierjp8549@javierjp85492 жыл бұрын

    • Wealth is transferred from the impatient to the patient.

      @benbakhshi@benbakhshi2 жыл бұрын

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

      @experiencejk@experiencejk2 жыл бұрын

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

      @SuperPointlessblog@SuperPointlessblog2 жыл бұрын

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

    @MajinXarris@MajinXarris2 жыл бұрын

    • More like a Greek Tragedy

      @notsojharedtroll23@notsojharedtroll232 жыл бұрын

    • Archegos was named for Jesus as the leader

      @toh3211@toh32112 жыл бұрын

  • Excellent analysis. Thanks very much

    @benlamprecht6414@benlamprecht6414 Жыл бұрын

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

    @cactu@cactu2 жыл бұрын

  • "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.

    @investor.z@investor.z2 жыл бұрын

    • and the rest bought bitcoin at $1

      @JinKee@JinKee2 жыл бұрын

    • 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@thatdude0342 жыл бұрын

    • @@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.

      @thatdude034@thatdude0342 жыл бұрын

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

      @Rust_Rust_Rust@Rust_Rust_Rust2 жыл бұрын

    • @@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

      @mikebabcock2979@mikebabcock29792 жыл бұрын

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

    @EmotionalScenes@EmotionalScenes2 жыл бұрын

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

      @johndonaldson3619@johndonaldson36192 жыл бұрын

    • @@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.

      @Wickedmen0303@Wickedmen03032 жыл бұрын

    • it was viac?

      @quantumair8619@quantumair86192 жыл бұрын

    • @@quantumair8619 yessir

      @newstation795@newstation7952 жыл бұрын

    • @@quantumair8619 and discovery I think

      @newstation795@newstation7952 жыл бұрын

  • 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?

    @Mcllwain@Mcllwain10 ай бұрын

    • 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.

      @sherryie2@sherryie210 ай бұрын

    • @@sherryie2 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

      @tonicruger@tonicruger10 ай бұрын

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

      @kurttSchuster@kurttSchuster10 ай бұрын

    • @@kurttSchuster 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.>

      @tonicruger@tonicruger10 ай бұрын

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

    @alumezi95@alumezi952 жыл бұрын

    • Amazing 😂

      @Nesggy@Nesggy2 жыл бұрын

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

    @saahilsharma1000@saahilsharma10002 жыл бұрын

    • 😭😭😭😂😂

      @aperture0@aperture02 жыл бұрын

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

    @leonardlee8652@leonardlee86522 жыл бұрын

    • Of which he is in abundant need of both.

      @guydreamr@guydreamr2 жыл бұрын

  • Top-notch reporting. Nothing more. Nothing less.

    @cutietaehee@cutietaehee2 жыл бұрын

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

    @grahambeyer6254@grahambeyer62542 жыл бұрын

  • Sigma grindset 💯💯

    @alexbrown5308@alexbrown53082 жыл бұрын

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

      @pramilashaktawat4429@pramilashaktawat44292 жыл бұрын

  • Moved to Las Vegas at age of 18

    @teslaowner9020@teslaowner90202 жыл бұрын

    • I see what you did there.. nice foreshadowing

      @sugarly69@sugarly692 жыл бұрын

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

    @Jamgwarn@Jamgwarn2 жыл бұрын

    • 😂I'm dead

      @josephbrennan370@josephbrennan3702 жыл бұрын

    • 🤨?

      @sm3675@sm36752 жыл бұрын

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

    @chrispaul3778@chrispaul3778 Жыл бұрын

    • Assets that can make you rich Bitcoin Stocks Real estate

      @madiezancanellatl9205@madiezancanellatl9205 Жыл бұрын

    • @@madiezancanellatl9205 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

      @cassiejacobs4197@cassiejacobs4197 Жыл бұрын

    • I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings

      @christianajoe8563@christianajoe8563 Жыл бұрын

    • Obviously trading in bitcoin is very volatile and risky to trade that's the reason most traders trade with a company

      @haydencraig7149@haydencraig7149 Жыл бұрын

    • Now is the best time to purchase and invest in Bitcoin stop proscastinating!

      @haydencraig7149@haydencraig7149 Жыл бұрын

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

    @slimmx2k12@slimmx2k122 жыл бұрын

  • 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.

    @zhang_han@zhang_han2 жыл бұрын

  • Awesome video.

    @rahulj9@rahulj92 жыл бұрын

  • Mr Reid is a great Account manager

    @jeffreysmart5461@jeffreysmart54612 жыл бұрын

    • Working with Sir. reid has really been helpful and profitable

      @jamesmicheal3159@jamesmicheal31592 жыл бұрын

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

      @jochemharald282@jochemharald2822 жыл бұрын

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

      @carleddiewesley4960@carleddiewesley49602 жыл бұрын

    • Sir. Reid Hoffman is a great mentor

      @franklinbrook1289@franklinbrook12892 жыл бұрын

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

      @alardditmer2582@alardditmer25822 жыл бұрын

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

    @yesny2235@yesny22352 жыл бұрын

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

    @thestranger252@thestranger2522 жыл бұрын

    • Holier than thou

      @notsojharedtroll23@notsojharedtroll232 жыл бұрын

    • Too bad Goldman Sachs got away

      @johnl.7754@johnl.77542 жыл бұрын

    • Justice is served

      @puregsr@puregsr2 жыл бұрын

    • @@puregsr 🤔

      @ivanchandratchen@ivanchandratchen2 жыл бұрын

    • 😂😅

      @abdulhadisalk8435@abdulhadisalk8435 Жыл бұрын

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

    @Patrick-ui9fg@Patrick-ui9fg2 жыл бұрын

  • Wow...loved his story!

    @josephsimon3394@josephsimon3394 Жыл бұрын

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

    @Ddrivess@Ddrivess2 жыл бұрын

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

      @RamirezGold@RamirezGold2 жыл бұрын

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

      @Ddrivess@Ddrivess2 жыл бұрын

    • do not marry your stocks

      @bora--bora@bora--bora2 жыл бұрын

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

      @johnl.7754@johnl.77542 жыл бұрын

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

      @alex0589@alex05892 жыл бұрын

  • He a great actor and always enjoy 😉 a lot of support from Wall Streets

    @marcusrakyat8891@marcusrakyat88912 жыл бұрын

  • I really appreciate the beat selection on this one

    @nizzy4448@nizzy44482 жыл бұрын

  • Ken Griffin: "hold my citadel..."

    @baumulrich@baumulrich2 жыл бұрын

  • First thing that came into my mind: Coldfusion.

    @ExclemationMark@ExclemationMark2 жыл бұрын

    • Coldfusion is better than Bloomberg

      @Stoneface_@Stoneface_2 жыл бұрын

    • @@Stoneface_ all day everyday lol

      @None_x934@None_x9342 жыл бұрын

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

    @apollo5261@apollo52612 жыл бұрын

    • 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

      @death5913@death59132 жыл бұрын

    • 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.

      @Rikaishi@Rikaishi2 жыл бұрын

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

      @cat3584@cat35842 жыл бұрын

    • @@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.

      @DHAGSFU@DHAGSFU Жыл бұрын

    • winning strats aren't always clever

      @LegitBacKd00rNiNJa69@LegitBacKd00rNiNJa69 Жыл бұрын

  • Thanks for the guide, will return when I need this.

    @elzian4975@elzian49752 жыл бұрын

    • 281

      @jamescubasta6497@jamescubasta6497 Жыл бұрын

    • 3999

      @jamescubasta6497@jamescubasta6497 Жыл бұрын

  • What a legend 🤝🔥

    @skgsinc1833@skgsinc18332 жыл бұрын

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

    @jamuojisan@jamuojisan2 жыл бұрын

    • 😂😂😂😂

      @fk9975@fk99752 жыл бұрын

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

    @MayorMcC666@MayorMcC6662 жыл бұрын

    • 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.

      @ravenchan8041@ravenchan80412 жыл бұрын

    • 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.

      @sm3675@sm36752 жыл бұрын

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

      @enijize1234@enijize12342 жыл бұрын

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

      @mishaf19@mishaf193 ай бұрын

  • 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 🏫!

    @emilyfranklin8190@emilyfranklin81902 жыл бұрын

    • 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.

      @bobbymainz1160@bobbymainz11602 жыл бұрын

    • @@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

      @marksway7292@marksway72922 жыл бұрын

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

      @emilyfranklin8190@emilyfranklin81902 жыл бұрын

    • @@emilyfranklin8190 look her up on line

      @marksway7292@marksway72922 жыл бұрын

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

      @roland7584@roland7584 Жыл бұрын

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

    @alanv3185@alanv31852 жыл бұрын

  • doing bets with God's name, doomsday.

    @walterwhite8333@walterwhite83332 жыл бұрын

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

    @mushrifsaidin@mushrifsaidin2 жыл бұрын

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

    @alexanderthompson1416@alexanderthompson14162 жыл бұрын

  • 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.

    @camgill007@camgill0072 жыл бұрын

    • 20 Billions, in two days bro

      @Lovingdogsclub@Lovingdogsclub4 ай бұрын

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

    @njugunamaina@njugunamaina2 жыл бұрын

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

      @death5913@death59132 жыл бұрын

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

      @buscapee@buscapee Жыл бұрын

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

    @yassermkhan@yassermkhan2 жыл бұрын

  • es genial yo comprare foxy gracias Dan Dios te bendiga pero dejame saber en que mercado puedo comprar gracias

    @FabianLlangari@FabianLlangari24 күн бұрын

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

    @edwindonald8898@edwindonald88982 жыл бұрын

    • 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

      @donaldown6515@donaldown65152 жыл бұрын

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

      @delilahjames1696@delilahjames16962 жыл бұрын

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

      @anthonyhill2967@anthonyhill29672 жыл бұрын

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

      @hannahjones5108@hannahjones51082 жыл бұрын

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

      @steventepper1842@steventepper18422 жыл бұрын

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

    @TheWebAdict@TheWebAdict2 жыл бұрын

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

    @kaymish6178@kaymish61782 жыл бұрын

    • should one sell and buy the dip?

      @youngre6el38@youngre6el382 жыл бұрын

    • @@youngre6el38 YES! I HEAR YOU!!!

      @deividsonaraujodepaula2790@deividsonaraujodepaula27902 жыл бұрын

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

      @kaymish6178@kaymish61782 жыл бұрын

    • December put options 5% below the current market price

      @globalbridges8570@globalbridges85702 жыл бұрын

    • 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.

      @Remember-Death@Remember-Death2 жыл бұрын

  • Thanks

    @Chandankumar-qw6hb@Chandankumar-qw6hb2 жыл бұрын

  • To be successful in markets, traders should understand the crossover between asset classes & liquidity flow. Elizabeth Rose focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch.

    @williamsbuana3726@williamsbuana37262 ай бұрын

  • Thanks for this, Bloomberg. We need more Erik Schatzker!

    @OrganDanai@OrganDanai2 жыл бұрын

    • Had they checked if there is possibility that the money was laundered to China, Russia or Iran

      @WeCube1898@WeCube18982 ай бұрын

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

    @AkilJacob@AkilJacob2 жыл бұрын

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

      @wayando@wayando2 жыл бұрын

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

      @AkilJacob@AkilJacob2 жыл бұрын

    • @Oleng Clerence Clearly he understand the next kingdom.

      @SirOlgaC4@SirOlgaC42 жыл бұрын

    • Because Hyundai Is Korean owned and he's Korean

      @death5913@death59132 жыл бұрын

  • 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

    @prioto@prioto9 ай бұрын

  • 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

    @albertbrian6448@albertbrian64482 жыл бұрын

    • 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.

      @loishendereven9370@loishendereven93702 жыл бұрын

    • 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.

      @emilywillenbring5162@emilywillenbring51622 жыл бұрын

    • 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?

      @christinajurado9180@christinajurado91802 жыл бұрын

    • 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,

      @iantownsend3078@iantownsend30782 жыл бұрын

    • @@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 KZhead videos and tutorials

      @jennpersin294@jennpersin2942 жыл бұрын

  • The secret of your future is hidden in your daily routine. Successful people do daily what the unsuccessful only on occasionally.

    @wellingtonjackson851@wellingtonjackson8512 жыл бұрын

    • You're right sir, thanks for introducing me to expert mrs jane rucker rutledge of financial education.

      @stevecrowe432@stevecrowe4322 жыл бұрын

    • There are scammers but real brokers are out there for investors.

      @florianaaitor7092@florianaaitor70922 жыл бұрын

    • My first investment with expert mrs jane rucker rutledge gave me profit of over $24,000 Us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known

      @alicewood553@alicewood5532 жыл бұрын

    • Yes I'm a living testimony of expert mrs jane rucker rutledge of financial education

      @ayeshacurry8148@ayeshacurry81482 жыл бұрын

    • Expert mrs jane rucker rutledge has changed my financial status for the best. All thanks to my aunty who introduced her to me.

      @demilovato8799@demilovato87992 жыл бұрын

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

    @vivarevolution3527@vivarevolution35272 жыл бұрын

  • 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.

    @MCRuCr@MCRuCr2 жыл бұрын

    • Calm down, investment nub

      @jimmyj100@jimmyj1002 жыл бұрын

  • Interesting

    @Amitdas-gk2it@Amitdas-gk2it11 ай бұрын

  • 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.

    @williamdrijver4141@williamdrijver41412 жыл бұрын

    • in islam it is not permitted

      @deathroll914@deathroll9142 жыл бұрын

    • @@deathroll914 who asked?

      @k0ufaR@k0ufaR2 жыл бұрын

    • @@deathroll914 fk islam

      @Cbd_7ohm@Cbd_7ohm2 жыл бұрын

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

    @theIdlecrane@theIdlecrane2 жыл бұрын

    • Zero Hedge

      @wli2718@wli27182 жыл бұрын

  • It's crazy that you can really loose that much in 2 days, and I get it if you have that kinda money it opens up doors to have different investment tools from the bank, I know in 08 if you wanted a seat at the big boy table you had to have a lot of money under your management, I can't remember the exact amount, but it just amazes me that this didn't effect the market more.

    @michaeltaylor4271@michaeltaylor42717 ай бұрын

  • The crazy thing is how can the firm decide convertible bond without mr Hwang authorization, thus makes 24% loss. Crazy.

    @zhonlino@zhonlino2 жыл бұрын

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

    @tomlxyz@tomlxyz2 жыл бұрын

    • 😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄

      @deepdude4719@deepdude47192 жыл бұрын

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

    @limjialok7516@limjialok75162 жыл бұрын

  • This will be a great movie someday

    @rafaelmolina123@rafaelmolina123 Жыл бұрын

  • Any margin call that's negotiable is not a margin call

    @jiukalita@jiukalita Жыл бұрын

  • One of us! One of us! One of us!

    @rvegas8999@rvegas89992 жыл бұрын

  • 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

    @theshyinvestors3302@theshyinvestors33022 жыл бұрын

  • I had the Rasputin song start playing in the background as this video started, and thought Bloomberg put it in. LOL! Try it for the first 30 seconds, it truly, truly, fits.

    @charlesbruce2072@charlesbruce20722 жыл бұрын

  • Moral of the story; Risk Management

    @kdforextrader@kdforextraderАй бұрын

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

    @potatomatop9326@potatomatop93262 жыл бұрын

    • Ok how?

      @ReddoFreddo@ReddoFreddo2 жыл бұрын

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

      @potatomatop9326@potatomatop93262 жыл бұрын

    • @@potatomatop9326 spend on gachas

      @nosauce338@nosauce3382 жыл бұрын

    • You funny!

      @mohammedsalih5865@mohammedsalih5865 Жыл бұрын

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

      @akablack2155@akablack2155 Жыл бұрын

  • Reporter: why? WSB: Yolo 4 Jesus foo.

    @elisabethholmes604@elisabethholmes6042 жыл бұрын

  • 1:42 - R.I.P floor sweeper

    @khairinarif369@khairinarif3692 жыл бұрын

  • I feel like this kind of thing happens over and over again

    @joesomenumbers@joesomenumbers2 күн бұрын

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

    @xxxs8309@xxxs83092 жыл бұрын

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

      @rochester3@rochester32 жыл бұрын

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

    @dingdongditch1000@dingdongditch10002 жыл бұрын

  • the timing of this upload is very interesting considering whats going on in the market now lol

    @MrPavySRK@MrPavySRK2 жыл бұрын
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