How to Lose $20 Billion in Two Days
ฝัง
- เผยแพร่เมื่อ 9 ส.ค. 2021
- 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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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
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 ?????
The way the system let's people remain anonymous is a danger to the future of stocks and governments all over
If this doesn't have Peter Sellers and a Cato meme moment I'm gonna be disappointed lol
his father was a religious scammer,
and the son was a financial scammer.
. + ONE ( FOUR SEVEN FIVE ) - TWO EIGHT ONE - TWO NINE TWO FOUR .
“Apparently the Holy Spirit likes using 5:1 leverage in his investment portfolio.” -Benjamin
😂
😂
😂😂
Under rated comment 😭
Thou shalt keep your portfolio diversified and without leverage - The 11th commandment.
YOLO-ing for the father, son and holy spirit
Amen
Ain't YOLO-ing if he's using money that he doesn't own.
Amen
Trump bless
@@rho008 he owned 2/3 rds of it (on paper)
Benjamin?
Bill took from the rich and gave to the retail investor. A true Christian
true 🤣
He Also contributed charitable organization which has US$500 million is assets.
Retail investors weren't short the stocks that Bill was long on.
If it had went the other way, he would have been immortalised as a legend lol.
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.
Nobody would know who he is if it went the other way
@@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.
That's true for a lot of history
@@Nosirt I spit my drink, "Elongated Musket" LOL
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
"WSB yolo position" ?
@@johndor7793
Wall street bets, a forum that discusses the app-based options trading casino antics of millennials losing their bank and occasionally hitting jackpot.
@@johndor7793 Yolo you only live once
The ultimate diamond hand
@@johnl.7754 That turned into cabbage hands
A true Wallstreetbets GOD. He should be eternalized as a WSB Hall of Fame.
@@pramilashaktawat4429 I’m not listening to someone who misspelled ‘search’
Diamond hands!
That comparison is ridiculous considering the guy was on the other-side of the trade as short hedge fund that got destroyed by WSB.
Annual Archegos Awards, anyone?
The new GOH…
*So what's your investment strategy ??*
Hwang: Jesus take the wheel
Jesus: What's calls and puts? What does a "Margin call" means?
*crash*
I didn't know Jesus was a banker too according to a lot of these fools
Omg i hear a song from Hillsong in my head after i read this🤣🤣
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.
When you succeed you’re praised..when you fail you’re vilified.
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.
Balance mei guy
@@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.
@@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
@@clocktower1164 chill out bro 😎
200m to 20b in only 7 years, that is still a legendary achievement. had he cashed out we probably wouldnt even know his name.
Few years ago a Bus didn't return my change.
I still get anxiety for that.
😂😂😂😂
Hahah
hah
You have to ride a city bus and you get anxiety from change? Yikes
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
He forgot the 11th Commandment: Thou shalt be careful with the leverage.
Exactly. just as our founding fathers intended!
Great Somalia !
Noted ol wise one
@@babagandu haha how did you know that I'm from Somalia?!
@@lukmanabdinasir7927 cuz you look like a pirate… arrrghh
This is why crypto, still is the best option, in my opinion. Is all about saving money, not spending extravagantly.
Frankly i don't disagree.
I'm actually trying to go into the trading business, and i have no idea how to begin, any tips?
@@raymondbarnes5264 Run a search on her, she can help you get started, you will be directed to her page, then leave your message.
@@raymondbarnes5264 'PRISCILLA DIANE AIVAZIAN"
@@mayacho4910 Thank you for this, i will be sure to do that.
Make a movie out of it!!!! Call it the “preacher of Wall Street”
I like that title.
Hallelujah Wall street is better
They did already well it's documentary but still great. ALPHAGO its name of movie/documentary
The big long
It would be a great story of rags to riches to real life.
"Oopsie" has lost all meaning in an age of Enron, WeWork, Theranos, and Hwang.
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.
Enron and WeWork? Those are new to me. Time to research.
@@sharsasuke01 enron was news during the 00's
@@sharsasuke01 that was the biggest financial story of the early 2000s. You can't not know about it.
@@sharsasuke01 wework was quite recent. enron was just at the turn of the millennium.
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.
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.
Deciding on a suitable strategy can depend on various factors. which broker would you recommend ?
Great you know about Tamara Diane hagan. i worked with her as beginner. made my first million with help
Thank you. will look her up. i have head about her from colleagues.
Shut up!
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.
Apparently, so does the justice department.
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.
Which part 'he LOST $20 billion' did you miss???
@@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 The man snitched on himself and then blamed the feds for it.
"And anytime I see the name Goldman Sachs, I am always curious." 😂
Underrated comment
Idgi
@@grimaffiliations3671 I don't get It
@@sterlingpound217 you and me both
pls explain 🤔
Why does every huge hit to american markets usually start with Goldman Sachs
In Despicable me, it was renamed the Evil Bank. Edit: yup, double checked,I should have saie Lehman Brothers.
@@shaider1982 That was Lehman Brothers if I recall correctly. It read:
"Bank of Evil, Formerly Lehman Brothers."
@@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.
Goldman Sachs sold his position in the first time while all four banks agreed to not sell.
They usually act very quickly and act first
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.
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.
"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.
and the rest bought bitcoin at $1
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.
@@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 Musk had famous and rich parents that could move him out of South Africa and into the US.
@@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
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).
Agreed
@@omkar9783 Thank you for validating my point that such content is missing on this video.
@@djayjp yes this vid was more about his overall journey rather than that specific event.
@@omkar9783 If you say so.
@@djayjp agreed. This vid should have it
Here is how: You lose $10B one day and than the next day you loose another $10B.
Amazing 😂
Watching this makes me feel not so bad about losing $10 million and becoming broke.
I lose $2 and cry
Archegos means leader in Greek. Well he fell like a hero.
More like a Greek Tragedy
Archegos was named for Jesus as the leader
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.
Ken Griffin: "hold my citadel..."
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
Imagine meeting with Goldman Sachs and thinking that they will treat you well.... Rofl
Of course they did😐 they never say the bad things the big firms do
Wealth is transferred from the impatient to the patient.
How do you know that he would have survived? What was Hwang's position?
@@benbakhshi yet Goldman the most impatient lost the least and Credit Suisse the patient lost the most.
Bill Hwang Diamond handed his position to the end , you sir earned the respect from all of us apes 🚀😎
Bill Hwang Diamond handed his position to the end , you sir earned your prison sentence from all of us 🚀😎
@@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.
it was viac?
@@quantumair8619 yessir
@@quantumair8619 and discovery I think
Outstanding storytelling and explanation.
'No clever strategy' yeah, he only went from 200 million to 20 billion in 7 years. Clearly he was doing something right.
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
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 how’d he get the original 200 mil?
@@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.
winning strats aren't always clever
Me with 20 cents in my pocket:
Aah, Incheresting title, might as well use this to save myself someday
😭😭😭😂😂
All you need is a captivating story and you can make a living s/telling the story on the speaker circuit.
Top-notch reporting. Nothing more. Nothing less.
doing bets with God's name, doomsday.
He still has net assets of more than $500m thru his Grace and Mercy Foundation
Of which he is in abundant need of both.
Excellent analysis. Thanks very much
Bill: “Passage 420, Jesus states; yolo jolo time to yeeteth, and yeeteth thy shall”
😂I'm dead
🤨?
He lost the banks' money in God's name.
Holier than thou
Too bad Goldman Sachs got away
Justice is served
@@puregsr 🤔
😂😅
Regardless, I respect the guy for believing in the stocks he invested in so deeply
The more somebody trys to appear religious, the less likely it is that he is.
@@RamirezGold I was talking about his diamond hands, not his religion lol
do not marry your stocks
@@RamirezGold I agree but he never tried to recruit other investors at his church.
It’s called being dumb and wrong, no virtue, he’s just a wall street guy who lost
Thanks for the guide, will return when I need this.
281
3999
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?
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 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 Please can you leave the info on how to reach your investment advisor here? I’m in dire need for one.
@@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.>
2:19 I actually wiped my screen thinking there's dust lmao
All of the stories are amazing. Please keep them coming.
When you invest you're buying a day you don't have to work
Assets that can make you rich
Bitcoin
Stocks
Real estate
@@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
I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings
Obviously trading in bitcoin is very volatile and risky to trade that's the reason most traders trade with a company
Now is the best time to purchase and invest in Bitcoin stop proscastinating!
So, no one knows how much was there to begin with, yet we just assume he put everything on the line?
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.
I love to see him come back. Please show the world you are back!!!
Bill Hwang is going to be a footnote for the carnage coming between now and December.
should one sell and buy the dip?
@@youngre6el38 YES!
I HEAR YOU!!!
Yep. Or atleast keep more cash than you would normally.
December put options 5% below the current market price
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.
I really appreciate the beat selection on this one
The invisible whale is too big a job for the invisible hand to handle.
😂😂😂😂
It’s weird how people take #YOLO so much more seriously when they talk about Jesus first
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.
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 Can you you use scripture to verify this? Islam has scripture against taking/giving loans but in Christianity I never heard of this.
@@enijize1234usury is outlawed in the Bible through dueternomy 23:19. I don’t care gimmie them yummy loans but that’s what scripture says.
He left them Hwanging with the Bill...I'll see myself out
where can i get the job of borrowing multiple bank's money to bet on the stock market?
Ngl he sounds like a cool guy who possibly doesn't care how much he lost
I'm pretty sure He is depressed after losing that Much Money
@@death5913 doesn’t sound like he cares for money. He just enjoys the thrill
First thing that came into my mind: Coldfusion.
Coldfusion is better than Bloomberg
@@Stoneface_ all day everyday lol
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.
20 Billions, in two days bro
The zoom in at the 1:09 spot on the video made me chuckle
Moved to Las Vegas at age of 18
I see what you did there.. nice foreshadowing
$20B driving a Hyundai. He don't give a sh!t about it.
He was likely just playing a hobby, and the balance was just a way to keep score.
@Oleng Clerence He really didn't care about $.
@Oleng Clerence Clearly he understand the next kingdom.
Because Hyundai Is Korean owned and he's Korean
Awesome video.
The amazing thing from this story is - Nobody still knows who Bill Hwang is!
He a great actor and always enjoy 😉 a lot of support from Wall Streets
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 🏫!
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 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 can you share her details, any other recommendations will be appreciated. others might benefit from her services too
@@emilyfranklin8190 look her up on line
@@emilyfranklin8190 Are you really on TH-cam comments trying to find a financial advisor?
It's the bank's fault outright. He was trading with his own equity and he had a complete right to loss all his money. It were the banks which offered such venerable and leveraged agreements. They were begging him to close positions but couldn't close on their own because they were within agreement.
Mr Reid is a great Account manager
Working with Sir. reid has really been helpful and profitable
Sir. reid has made profit making seem so easy. I haven't experienced failure since he started trading for me
All thanks to my uncle who introduced me to Sir. Reid Hoffman.
Sir. Reid Hoffman is a great mentor
I can say Sir. Reid is one of the best options when it comes to trading
Reporter: why?
WSB: Yolo 4 Jesus foo.
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
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.
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.
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?
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,
@@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 TH-cam videos and tutorials
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.
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
He remembered me of ' Harshad Mehta ' once an India big bull , who misused the loop hole in the law
I really appreciate This video this is exactly what I need as motivation.
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
Wow 😲 I'm surprised you called that name here.
Yes I have been working with him and he is super fabulous.
wow I'm just shock someone mentioned and recommended expert Mr scarlet i thought I'm the only one trading with him.
How can I reach out to this Mr scarlet Robert because I really want to know more about bitcoin
. + ONE ( FOUR SEVEN FIVE ) - TWO EIGHT ONE - TWO NINE TWO FOUR .
The crazy thing is how can the firm decide convertible bond without mr Hwang authorization, thus makes 24% loss. Crazy.
Wow...loved his story!
I'm waiting for a updated version of how kenneth c. griffin lost more than 20B and bankrupt citadel
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
"On a long enough timeline, the survival rate for everyone drops to zero"
Zero Hedge
What a legend 🤝🔥
"[...] assigned to a church in Las Vegas" seems so perfect to describe him
😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄😄
Sigma grindset 💯💯
🟦SERCH ADITYA RATHORE- HE ALSO MAKES INFORMATIVE CONTENT LIKE BLOOMBERG
es genial yo comprare foxy gracias Dan Dios te bendiga pero dejame saber en que mercado puedo comprar gracias
The secret of your future is hidden in your daily routine. Successful people do daily what the unsuccessful only on occasionally.
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There are scammers but real brokers are out there for investors.
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Thanks for this, Bloomberg.
We need more Erik Schatzker!
Had they checked if there is possibility that the money was laundered to China, Russia or Iran
Ask me if you wanna know how to never ever ever have $20 billion in the first place.
Ok how?
@@ReddoFreddo play raid shadow legends all day and drink mountain dew.
@@potatomatop9326 spend on gachas
You funny!
I would stop there since its not investor money but his own
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.
He was indicted in 2022 of racketeering, securities fraud, and wire fraud. That's going to cost him a lot of Hail Mary's.
Once they found about him, they looked for holes in his armor. Unfortunately for him they weren’t hard to find.
100% leverage yeah didnt need to even look far at all to see what happend
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."
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.
Calm down, investment nub
I feel like this kind of thing happens over and over again
Everyone on wallstreet is a gambler, not just bill hwang. Its just the size or the bets and the risks that are different
@@young98-cc5ls Crazy how consistently making money is a profession
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?
I still don't quite understand this, he supposably invested well for over 7 years starting with 200mill, built it to 20bill but it disappeared because viacom dropped 30%? How does all that initial capital just disappear within a week.
A movie about these kind of stuff should be made
"grown up version of someone you will see on Wall Street Bets!" 😂 still can't deny the great gains before his crash
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.
in islam it is not permitted
@@deathroll914 who asked?
@@deathroll914 fk islam
Moral of the story; Risk Management
People are always waiting for you to fail so they can talk negative about you and your decisions. I have a feeling he didn't lose all his money.