Don't forget this man provided Cathie Wood with her seed capital, likely pumping her positions which could be why she has done awful since this blew up.
Thank you. I always thought there was something suspicious about her "knowledge". It didn't seem to be coming from a genuine place yet it was better than guesswork. Now we know why.
@@UA-cam_is_full_of_trolls you clearly don't know anything about the market, please take your stale emojis and get out of here. The adults are talking.
@@edselgreaves6503 lol you must be an ark bag holder yourself 🤣 that or teledoc, roku, tesla or palintier (sp). None of her etf collapse had anything to do with hwang. Get your head out your ass... she followed the same trajectory as dozens of fund managers before... over performance for a period, market conditions change and they fail to adapt. Hwang's positions weren't involved in the ark etf collapse... not even the same time frame... it's interesting that hwangs collapse coincided with ark etf performance, not the opposite... stop trying to make excuses for yourself, just because you thought Cathy was God
You stick a banking cartel that controls the debt/money supply... and you wonder why you have very city and town resembling "Detroit". Economies in shambles. Yet another fresh bank popping up on the corner and another corner... and another bank on another corner. Yep.
I still don't understand what his exit strategy was supposed to look like. This collapse of the share price was bound to happen. How could this kind of manipulation work in your favour at all?
A few things I could imagine... the LLC aka corporation can rot in the wind in bankruptcy. So how cares about company you use the pump. On another company or your personal account though you can play the pumps. Buying options contracts out of the money and making 100x to 1,000x to even 10,000x. The pump mechanism will be holding the bag of stocks that were bought up on your stupidity buy up the ask order book. And that get go twisting in the wind. Therefore, what they need to do is examine all trusts and LLC's and individual accounts across the world he could have where he was playing the fronting portion of the scam.
The exploit a trick in human behavior. When investors see an upward trend, most of them usually jump to buy so as not to miss the "train" and be late in the market. This urgency, makes them not research enough about the company and start buying ridiculously high prices. So if you manage to convince them that the upward trend will continue, eventually you just start dumping them the shares at the higher price, and eventually be in huge profit. The problem starts when investors realize that the stock has actually an overvalued price and start selling before you. At this point, you are the one left with the dumped stocks and have lost the fight.
@@SpaceX-Falcon-Heavy The problem is that it is not easy to realize when everyone else is dumping. You may see the stock falling for example, that this doesnt mean everyone is dumping, it can simply be a normal decrease in the stock due to variance, which they do all the time. As soon as you realize the downward trend it may be too late. Especially if you have billions to dump which you cannot easily sell without collapsing the price even more.
@anotherriddle "Take therefore no thought for the morrow: for the morrow shall take thought for the things of itself. Sufficient unto the day is the evil thereof." -- Matthew 6:34 Next question.
Mr Patrick Boyle on his channel pointed out that realizing this gain would be impossible for Mr Hwang. The same trick that allowed him to pump the stock would also crash the stock if he tried to sell. In the end, it seems Mr Hwang wanted the "high score" in some kind of game.
Hwang did not commit any crime. What he did was to cause a dumb banker to loose money. The criminals running the government only looks out for them. Hwang did not own more than 5% of any company. Buying stocks that results in a short squeeze is not illegal. It happens all the time, His only crime was to cause criminal ban,ers to loose money.
Bill had just read Matthew 19:24 , 'Again I tell you, it is easier for a camel to pass through the eye of a needle than for a rich man to enter the kingdom of God' and thought hmm, let's blow the lot and take some greedy bankers out too.
@@BadAtRunescape insider trading Chinese stocks, but it’s irrelevant, he got in trouble with the SEC. The charges from the SEC and the punishment are entirely from the US. That’s why he’s not allowed to run a firm besides the family type. Why talk when you haven’t looked anything up and don’t know what you’re talking about?
13:30 when the story first broke, I heard rumors that Morgan Stanley sneakily liquidated the position without letting the other brokers know beforehand, thus letting them get away with minimal losses. Was thus just a rumor?
I would suspect those rumors to be true. Just how many people in a burning all agree to die in it together? somebody is always dashing to be first out the door once they know everything is going to hell.
Morgan Stanley are one of the smartest these days. funds fight against each other. nothing new, but at the end of the day they have to make sure to survive - no matter the cost.
I feel badly for you, really. I mean... here you are, just trying to live a decent life, hoping for justice and peace and other JERKS are making you look bad. That must suck.
The most interesting part in all of this is the lack of procedures the banks have to check whether the guy they're literally lending billions of dollars might be lying to them about the assets he holds elsewhere and how leveraged he is. The bastards want to see my bank statements and get an independent valuation if I go and ask to borrow $300k for a house but they just just trust some dude's word when handing over tens of billions.
Bill had a good track record and had already made high returns for the banks in the prior trades hence, no questions were asked ... Any banker could do that mistake ! Of course, this one mistake turned out to be a fatal one and cost them billions !
So true, my wife and I had credit scores over 800 but when we were applying for a mortgage, I was asked to write a letter explaining a single late credit card payment (by a few days). It was $20 and I thought I had set an autopay but the app screwed up and never set up the payment. Meanwhile, banks will take our money and hand this guy billions of dollars in margin without an ounce of due diligence.
How come I don't feel sorry for the banks? Probably because it feels like payback and karma for all of the times the banks scammed people. What is the industry up to in fines and penalties for crimes and wrongdoing? $50 billion-plus?
Yeah, the whole Archaegos thing to me feels like hearing that your ex who gave you chlamydia got herpes from the gutterfuck they dumped you for. Call it karma, call it comeuppance, call it what you will. They fucked us over, so we're well within our rights to laugh when the shoe is on the other foot.
why he should be jailed!! he was playing the capitalist game it didn't work for him but it did work for many many huge banks in the 2008 crisis when the US government bailed them out, is it illegal to buy stocks with leverage these days? it was not his fault it was the creditors fault to give him such amounts ... those creditors were also greedy so if he will be jailed they should be jailed to, if you who read this will tell me he lied i would say in business there is not trust everything must be documented and since he refused to provide documentations for his exposure the banks were supposed to flag his actions as suspicious and refuse his credits ... clear and simple
All the bankers should go to jail over this. He overlevereged himself at several banks, and each bank said "Well, since this is the only place he's leveraging himself, this is within our risk tolerance." and never took a closer look to see what he was doing at other banks, just took his word for it, and didn't do a single bit of due diligence. ALL of those bankers knew something was fishy with this guy, and they shouldn't do any new business with him. But the bankers knew they could stay JUST inside the lines of the law without getting arrested. The bankers absolutely committed crimes and should be arrested for this fiasco.
It's not legal for a bank to disclose the financial activities of a customer without express permission or a judicial order. They're obligated to ask those sorts of questions as part of Know Your Client/Customer disclosures, but Hwang apparently lied "in substance", meaning the claim is that he willfully misled them.
@@jeko32 Yeah, no fucking shit. And if someone wants to borrow millions of dollars for a leveraged positon, you do get legal permission from the borrower to get financial information from other banks. Banks will scrutinize every aspect of a customers life if they want a home loan, but they aren't going to do it for large institutional investors? That's bullshit and careless, and purposefully looking the other way.
seems like a happy ending, greedy guy loses everything, greedy banks loses billions. shouldn't we try to encourage the greedy to make stupid leverage bets.
Just think about it. If Bill had had access to just twice as much leverage as he did, he\d been able to buy the whole company, thus becoming the only seller and able to determine the price action all by himself.
He was already levered to the tits at multiple banks. Doubling that kind of leverage isn't that simple. And I think Viacom isn't that dumb to not notice their company being bought out from under them.
@@Jerryfromtheblocm Getting to that kind of leverage in the first place wasn't simple. And Viacom barely noticed being half-bought. Where there's a will, there's a way.
Help me understand your comment. If he was able to buy the whole company and determine the price action, how does that stop other investors from taking profits and selling shares? Isn't the reason why Bill went under because (a) other investors were dumping and thus trashing the share price and (b) Bill was unable/unwilling to liquidate his position quickly and at the new elevated price?
The rule with rich people is you either provide some value and get rich with them, or you play with their money and they find a way to put you in jail.
Given the insider trading stuff - which as the top producer and true insider he was in on, the banning from trading in HK - what happened to Know you Client, I know PBs been slack in all controls stince jobbers would lend em out out overnight like repo was, ie since the 1920s - in last couple of years a few times we have seen total stock loaned out at 120% or more, oh dear too drunk for any details to swim back in head - but this, even by their standards this was shit - as for Goldmans, some of those people in the room, supposedly seasoned bankers all, trusted Goldmans to go alongs with agreed sell downs of the colossal positions. Surprised at first no public condemnations, but then as it was a Family Office, the wailing will be behind closed doors
Carson got wiped out in the GSX short squeeze (now trading under ticker GOTU). Being right isn't enough- you have to be right....and at the right time. Bill won that round. It went from $90 to $130 in 4 days....then dropped back down in 2 with multiple trade halts. With the retail interest it had at the time and Bill in the driver's seat of when the selloff would begin- no doubt he made a lot of money.
The stock images are Hwang speaking at religious conferences. Religion allows people to interpret and wield confidence as if they're acting on behalf of a deity.
My takeaway is that Hwang's downfall was kickstarted by misfortune, like Viacom announcing a share dilution. The system should’ve picked up on Archegos being illegally over-leveraged long before the forced fire sale, but it didn’t. That’s a failure of the system, which Hwang helped expose
The guy already lived well long enough and the amount of time this will be caught up in court will ensure he gets little jail time or punishment. Another showing of how super rich ppl can get away with crime relatively unscathed.
I dunno about u but such an insane man with an insane plan,it's a pity it didn't work out for him...... People like to condemn the losers but just imagine if he succeeded he would be heralded as a genius among men.......it's people like him that push the boundaries and limits of the human race ......while the rest sit at home and masturbate to their porn collection.
@@samsonsoturian6013 he's your typical religious person; lies cheats and steals; and justifies everything to himself because of his worship of an imaginary space fairy
The video misses a very important point. To recap, the video says that Hwang bought low liquidity stocks on margin. This pushed prices up. The video implies that Hwang could have avoided disaster by liquidating part of his position to meet margin requirements. What the video misses is that if Hwang had started to sell low liquidity stocks, he would have pushed prices lower. As prices drop, he would have faced new margin calls. He was caught. He couldn’t hang on; he couldn’t sell. Hwang’s demise from low liquidity stock selling was likely as inevitable as the rise from his previous buying activity.
The guy had balls of steel. Another guy must be doing something else at the moment. The regulators are really good at closing the gate after the horse has bolted. The poor jurors would be clueless about total return swaps. Who wants to get their hands dirty manufacturing when you can sit in an airconditioned office and do mouse clicks.
With all these very serious federal charges pending, should Bill Hwang be allowed to manage hundreds of thousands of investors’ funds as a copy trading Principle Trader on Bybit? Check it out, he is one of the highest ranked. If it’s not him, should Bybit allow someone to call themselves Bill Hwang with a profile photo of him? What are people’s thoughts on this?
I don't invest, but it seems like leverage is almost always a bad idea-especially using so much & with 0 diversification-. He's like a WSB poster with more capital.
There's people reading these comments right now who would happily try stunts like this if they had access to the resources and believe they can get away with it. Sociopaths who look at people like Bill Hwang not as a lying POS who recklessly wiped out his investors, but as a legend who just made a mistake (that they surely wouldn't make in his position). edit: Someone below in the comments literally called him a legend.
How could Archegos realistically close out those positions without taking a loss? Their strategy relied on Viacom's price going not just through the roof, but all the way to the moon. It's suicide. Far too many scenarios can cause a price crash that forces margin calls for Archegos and the investment banks before they hit the moon (that happened). Swap carry costs are proportional to the stock price, so if Viacom had gone to the moon AND Archegos took months to close out their swaps, the carry would have killed them.
Thank you for all the vids you make. I watch your content regularly. Byt I think the sound is not good, and not at all ear friendly. Would be great if you do something to fix your microphone
How can Bill be so greedy???? His fortune was in heaven, and he kept preaching the good book. the GOOD BOOK!!! no, it can't be so, he's a religious man, and religion is GOOOOOOOOOD!
"Other hedge fund?" Hwang didn't run a hedge fund when that happened. Pretty good, but the main thesis that it "almost worked," is inaccurate. There was no way out. His actions seem irrational.
It technically wasn't a hedge fund but he was investing the same way that hedge funds did and also in the beginning of the video he clearly states that Archegos was a family office. Now I think Bill could have gotten away with it if he had gotten out a bit earlier and of he used slightly less leverage, greed and hubris got the better of him
@@lukealadeen7836 how could he get out? He was the only one buying these stocks in such volume and pumping their value up. So if he sold them, the prices would crash back down to the levels he brought them at, and worse..
Don't forget this man provided Cathie Wood with her seed capital, likely pumping her positions which could be why she has done awful since this blew up.
Thank you. I always thought there was something suspicious about her "knowledge". It didn't seem to be coming from a genuine place yet it was better than guesswork. Now we know why.
Are you serious? 🤣
@@edselgreaves6503 bro, really?
@@UA-cam_is_full_of_trolls you clearly don't know anything about the market, please take your stale emojis and get out of here. The adults are talking.
@@edselgreaves6503 lol you must be an ark bag holder yourself 🤣 that or teledoc, roku, tesla or palintier (sp). None of her etf collapse had anything to do with hwang. Get your head out your ass... she followed the same trajectory as dozens of fund managers before... over performance for a period, market conditions change and they fail to adapt. Hwang's positions weren't involved in the ark etf collapse... not even the same time frame... it's interesting that hwangs collapse coincided with ark etf performance, not the opposite... stop trying to make excuses for yourself, just because you thought Cathy was God
Seems the banks only complain about trading practices when they lose money. Obscene
You stick a banking cartel that controls the debt/money supply... and you wonder why you have very city and town resembling "Detroit". Economies in shambles. Yet another fresh bank popping up on the corner and another corner... and another bank on another corner.
Yep.
I still don't understand what his exit strategy was supposed to look like. This collapse of the share price was bound to happen. How could this kind of manipulation work in your favour at all?
A few things I could imagine... the LLC aka corporation can rot in the wind in bankruptcy. So how cares about company you use the pump.
On another company or your personal account though you can play the pumps. Buying options contracts out of the money and making 100x to 1,000x to even 10,000x.
The pump mechanism will be holding the bag of stocks that were bought up on your stupidity buy up the ask order book. And that get go twisting in the wind.
Therefore, what they need to do is examine all trusts and LLC's and individual accounts across the world he could have where he was playing the fronting portion of the scam.
The exploit a trick in human behavior. When investors see an upward trend, most of them usually jump to buy so as not to miss the "train" and be late in the market. This urgency, makes them not research enough about the company and start buying ridiculously high prices. So if you manage to convince them that the upward trend will continue, eventually you just start dumping them the shares at the higher price, and eventually be in huge profit. The problem starts when investors realize that the stock has actually an overvalued price and start selling before you. At this point, you are the one left with the dumped stocks and have lost the fight.
@@SpaceX-Falcon-Heavy The problem is that it is not easy to realize when everyone else is dumping. You may see the stock falling for example, that this doesnt mean everyone is dumping, it can simply be a normal decrease in the stock due to variance, which they do all the time. As soon as you realize the downward trend it may be too late. Especially if you have billions to dump which you cannot easily sell without collapsing the price even more.
@anotherriddle
"Take therefore no thought for the morrow: for the morrow shall take thought for the things of itself. Sufficient unto the day is the evil thereof." -- Matthew 6:34
Next question.
He's a fundamentalist religious nutcase. Maybe he figured God would help him.
Cathie Wood backed Bill Hwang all the way lol
Cathie Wood is a complete moron.
It's okay to fleece the little guys, but if you mess with the big banks, it's 80 years in the slammer for you!
Mr Patrick Boyle on his channel pointed out that realizing this gain would be impossible for Mr Hwang. The same trick that allowed him to pump the stock would also crash the stock if he tried to sell. In the end, it seems Mr Hwang wanted the "high score" in some kind of game.
Hwang corner the stock to the top and nobody to sell . Who the f is he going to sell when all major bank are leverage with him
I love Mr Patrick Boyle. I am gaining 14000 biweekly after reaching out to him on instagram
Unless he shorted the stock once he sold it?
@@samshongwe yeah but how can you short when you are already massive long!? Account would be underwater way before the short turns profit!
Hwang did not commit any crime. What he did was to cause a dumb banker to loose money. The criminals running the government only looks out for them. Hwang did not own more than 5% of any company. Buying stocks that results in a short squeeze is not illegal. It happens all the time, His only crime was to cause criminal ban,ers to loose money.
I love the fake B-roll of “analysts” randomly poking at charts with pens. It’s true. Lol
What are they supposed to use to poke their charts? Penis?
"And this big line represents how fucked we are."
Bill had just read Matthew 19:24 , 'Again I tell you, it is easier for a camel to pass through the eye of a needle than for a rich man to enter the kingdom of God' and thought hmm, let's blow the lot and take some greedy bankers out too.
That's what I am thinking, Used there own capital to put a wiping on.😂
That'd be a hilarious plot twist lol.
Of all the seriousness surrounding this, your comment is the only one in three years that cracked me up ! 😂😂🤣🤣 Thanks !
This is not this bloke’s first go-around, is it? Wasn’t he fined by the SEC for insider trading a decade ago?
That's why he was running a family office, as he was banned from giving financial advise.
Bill Hwang was a big shot in Hong Kong's securities community at one time. He is now not welcome to do business in Hong Kong and the rest of Asia.
No some shit in hongkong he got in trouble with
@@BadAtRunescape insider trading Chinese stocks, but it’s irrelevant, he got in trouble with the SEC. The charges from the SEC and the punishment are entirely from the US. That’s why he’s not allowed to run a firm besides the family type. Why talk when you haven’t looked anything up and don’t know what you’re talking about?
13:30
when the story first broke, I heard rumors that Morgan Stanley sneakily liquidated the position without letting the other brokers know beforehand, thus letting them get away with minimal losses. Was thus just a rumor?
I would suspect those rumors to be true. Just how many people in a burning all agree to die in it together? somebody is always dashing to be first out the door once they know everything is going to hell.
"We are selling to willing buyers at the current fair market price ..."
Morgan Stanley are one of the smartest these days. funds fight against each other. nothing new, but at the end of the day they have to make sure to survive - no matter the cost.
and why would they let the other brokers know? so they could lose their bonuses. lol no.
@@ThomasSMuhn So that we may survive.
Oh look, another criminal using my faith as an excuse.
That is what religion has always been for. Justifying misdeeds.
I feel badly for you, really.
I mean... here you are, just trying to live a decent life, hoping for justice and peace and other JERKS are making you look bad.
That must suck.
The most interesting part in all of this is the lack of procedures the banks have to check whether the guy they're literally lending billions of dollars might be lying to them about the assets he holds elsewhere and how leveraged he is. The bastards want to see my bank statements and get an independent valuation if I go and ask to borrow $300k for a house but they just just trust some dude's word when handing over tens of billions.
😊😊😊 Laws are only for the poor
But they checked.
They knew he was a good guy because he was an Evangelical Christian.
Bill had a good track record and had already made high returns for the banks in the prior trades hence, no questions were asked ... Any banker could do that mistake ! Of course, this one mistake turned out to be a fatal one and cost them billions !
So true, my wife and I had credit scores over 800 but when we were applying for a mortgage, I was asked to write a letter explaining a single late credit card payment (by a few days). It was $20 and I thought I had set an autopay but the app screwed up and never set up the payment. Meanwhile, banks will take our money and hand this guy billions of dollars in margin without an ounce of due diligence.
And the bankers/lenders get a slap on the wrist as usual.
How come I don't feel sorry for the banks? Probably because it feels like payback and karma for all of the times the banks scammed people. What is the industry up to in fines and penalties for crimes and wrongdoing? $50 billion-plus?
Yeah, the whole Archaegos thing to me feels like hearing that your ex who gave you chlamydia got herpes from the gutterfuck they dumped you for. Call it karma, call it comeuppance, call it what you will. They fucked us over, so we're well within our rights to laugh when the shoe is on the other foot.
SO THIS FINALLY EXPLAINS WHY GSX KEPT GOING UP AFTER I KNEW THEIR CUSTOMERS WERE FAKE!! UGHHH
why he should be jailed!! he was playing the capitalist game it didn't work for him but it did work for many many huge banks in the 2008 crisis when the US government bailed them out, is it illegal to buy stocks with leverage these days? it was not his fault it was the creditors fault to give him such amounts ... those creditors were also greedy so if he will be jailed they should be jailed to, if you who read this will tell me he lied i would say in business there is not trust everything must be documented and since he refused to provide documentations for his exposure the banks were supposed to flag his actions as suspicious and refuse his credits ... clear and simple
Such a legend.
Top of wsb hall of Fame
All the bankers should go to jail over this. He overlevereged himself at several banks, and each bank said "Well, since this is the only place he's leveraging himself, this is within our risk tolerance." and never took a closer look to see what he was doing at other banks, just took his word for it, and didn't do a single bit of due diligence. ALL of those bankers knew something was fishy with this guy, and they shouldn't do any new business with him. But the bankers knew they could stay JUST inside the lines of the law without getting arrested. The bankers absolutely committed crimes and should be arrested for this fiasco.
It's not legal for a bank to disclose the financial activities of a customer without express permission or a judicial order. They're obligated to ask those sorts of questions as part of Know Your Client/Customer disclosures, but Hwang apparently lied "in substance", meaning the claim is that he willfully misled them.
@@jeko32 Yeah, no fucking shit. And if someone wants to borrow millions of dollars for a leveraged positon, you do get legal permission from the borrower to get financial information from other banks. Banks will scrutinize every aspect of a customers life if they want a home loan, but they aren't going to do it for large institutional investors? That's bullshit and careless, and purposefully looking the other way.
seems like a happy ending, greedy guy loses everything, greedy banks loses billions. shouldn't we try to encourage the greedy to make stupid leverage bets.
His "crime" was that he wasn't part of the real old boy club like the Goldman Sachs.
Just think about it. If Bill had had access to just twice as much leverage as he did, he\d been able to buy the whole company, thus becoming the only seller and able to determine the price action all by himself.
LOL! That's kind of like crypto. But to get peoples' real money they developed tether and circle an terra.
He was already levered to the tits at multiple banks. Doubling that kind of leverage isn't that simple. And I think Viacom isn't that dumb to not notice their company being bought out from under them.
@@Jerryfromtheblocm Getting to that kind of leverage in the first place wasn't simple. And Viacom barely noticed being half-bought.
Where there's a will, there's a way.
IMA KOREAN
Help me understand your comment. If he was able to buy the whole company and determine the price action, how does that stop other investors from taking profits and selling shares? Isn't the reason why Bill went under because (a) other investors were dumping and thus trashing the share price and (b) Bill was unable/unwilling to liquidate his position quickly and at the new elevated price?
Did do anything wrong and has donated millions to charity. Only reason he got arrested is cause it hurt the banks .
You have to be ethical...always.
He made money the Hwang way
😂
Your small retail investments could be wiped out by some jackass playing god…with no recourse. Good luck though…
Your team produce continuous gems of analysis . Thank you so much .
The rule with rich people is you either provide some value and get rich with them, or you play with their money and they find a way to put you in jail.
Fun fact, Bill Huang knows and invested in Cathie woods arkk fund
I dunno about u but such an insane man with such an insane plan,It's a pity it didn't work out for him.
Given the insider trading stuff - which as the top producer and true insider he was in on, the banning from trading in HK - what happened to Know you Client, I know PBs been slack in all controls stince jobbers would lend em out out overnight like repo was, ie since the 1920s - in last couple of years a few times we have seen total stock loaned out at 120% or more, oh dear too drunk for any details to swim back in head - but this, even by their standards this was shit - as for Goldmans, some of those people in the room, supposedly seasoned bankers all, trusted Goldmans to go alongs with agreed sell downs of the colossal positions. Surprised at first no public condemnations, but then as it was a Family Office, the wailing will be behind closed doors
murder is only 10 to 20 years. 80 years, messed with the wrong peeps money.
Carson got wiped out in the GSX short squeeze (now trading under ticker GOTU). Being right isn't enough- you have to be right....and at the right time. Bill won that round. It went from $90 to $130 in 4 days....then dropped back down in 2 with multiple trade halts. With the retail interest it had at the time and Bill in the driver's seat of when the selloff would begin- no doubt he made a lot of money.
Own a island is not enough, he want the world like Kanye west
my takeaway is that Hwang has potential to be a WSB degenerate 😎
Lol, he is the best degenerate out there.
His loss porn is definitely going down in the books
The stock images are Hwang speaking at religious conferences. Religion allows people to interpret and wield confidence as if they're acting on behalf of a deity.
hwang is amazing. wish i had that much money available.
My takeaway is that Hwang's downfall was kickstarted by misfortune, like Viacom announcing a share dilution. The system should’ve picked up on Archegos being illegally over-leveraged long before the forced fire sale, but it didn’t. That’s a failure of the system, which Hwang helped expose
Good guy Bill Hwang, exposing the system
Wonder how much more hidden leverage there is
God signalled him to use 5x leverage on his expiring out of the money options
The guy already lived well long enough and the amount of time this will be caught up in court will ensure he gets little jail time or punishment. Another showing of how super rich ppl can get away with crime relatively unscathed.
I dunno about u but such an insane man with an insane plan,it's a pity it didn't work out for him......
People like to condemn the losers but just imagine if he succeeded he would be heralded as a genius among men.......it's people like him that push the boundaries and limits of the human race ......while the rest sit at home and masturbate to their porn collection.
He isn't super rich anymore, lol. He's a filthy pauper.
They should also arrest the idiots at those banks who signed off giving Archegos such an obscence line of credit without doing basic due diligence.
The ultimate YOLO
He doesn’t deserve jail time!
An ideal Christian man of God
Bill "Stop Loss" Hwang
🤣😂
Word is he still has a few billion stashed somewhere
Nah. If he's a true degenerate gambler (and he almost certainly is) he put everything he had into his scheme.
@@samsonsoturian6013 personal experience?
@@samsonsoturian6013 and the rest of it he bet on red
I guess God told him what to do.
God also told him not to lie, which he certainly did.
@@samsonsoturian6013 he's your typical religious person; lies cheats and steals; and justifies everything to himself because of his worship of an imaginary space fairy
Good video. Dissapointed that you didn't say how much $$$ were in GME shorts
This is what what i call all in or nothing 😀
The video misses a very important point.
To recap, the video says that Hwang bought low liquidity stocks on margin. This pushed prices up.
The video implies that Hwang could have avoided disaster by liquidating part of his position to meet margin requirements.
What the video misses is that if Hwang had started to sell low liquidity stocks, he would have pushed prices lower. As prices drop, he would have faced new margin calls. He was caught. He couldn’t hang on; he couldn’t sell. Hwang’s demise from low liquidity stock selling was likely as inevitable as the rise from his previous buying activity.
Credit Suisse seems to be at the core of many of these large collapses.
I need to keep that in mind. If I need to find a world class sucker, Credit Suisse would be a good place to start.
he should have stuck with s&p 500 and Microsoft....
Bill YOLO Hwang
The guy had balls of steel. Another guy must be doing something else at the moment. The regulators are really good at closing the gate after the horse has bolted. The poor jurors would be clueless about total return swaps. Who wants to get their hands dirty manufacturing when you can sit in an airconditioned office and do mouse clicks.
4:17
dude....
200% leverge
450% levrage
on same chart 🤦♂
better balling like bill 😂
He doesn't deserve jail time. The banks got burned because they're stupid and don't know how to manage money properly.
Let's not forget that he did this in the name of god.
high leveraged buying of a media stock.... seriously who are these muppets... LOL
God bless Bill Hwang...Legend~!
Yeah he played big and stupid and scammed a lot of people but 80 years sounds a little bit overexaggeration tbh
Pumped and dumped himself!!
AMC TO THE MOON🚀🌕
See you there my fellow apes 🦍
Your time will come Kenny G
I mean how much money is enough. Greed and karma never fails. I tell u some of us aren’t humans
He could have just let Viacom decline and bought the company outright.
Debit Suisse.....
Poorly researched and thumbs down due to the bloody repetitive sponsor....
Absolute legend 👌👌
Hwang Gang make some noise 🎉!!!
👏👏👏
Awesome stuff, good research as always.
Worst part is they become heroes in the donor world - esp the religious types !
Dont mess with Rich People’s money Thats illigal
First of all... Excellent coverage.... All the stories covered within less than 15 mins... Great job👍👍
Bill should go on Squid Game.
This is hilarious. Everything woke turns to shit.
What is his end game, it will pop eventually
That’s a good question, maybe he just wanted to enjoy the thrill while it lasted
He was trying to do a pump & dump, but fell asleep at the wheel apparently and the Viacom rug was pulled out from under him.
Lol it sound like he was doing all that on purpose
With all these very serious federal charges pending, should Bill Hwang be allowed to manage hundreds of thousands of investors’ funds as a copy trading Principle Trader on Bybit? Check it out, he is one of the highest ranked. If it’s not him, should Bybit allow someone to call themselves Bill Hwang with a profile photo of him? What are people’s thoughts on this?
I don't invest, but it seems like leverage is almost always a bad idea-especially using so much & with 0 diversification-. He's like a WSB poster with more capital.
"the exact opposite of the truth" lol
Why would they do this? I am astounded that how does a person get such a huge God complex that they forget basic reasoning.
WYM. He was always the SmArTeST gUy In ThE RoOm
*hubris* Whom the gods would destroy, they first make mad.
Gambling addiction.
Greed and ego
There's people reading these comments right now who would happily try stunts like this if they had access to the resources and believe they can get away with it. Sociopaths who look at people like Bill Hwang not as a lying POS who recklessly wiped out his investors, but as a legend who just made a mistake (that they surely wouldn't make in his position).
edit: Someone below in the comments literally called him a legend.
dude was harshad mehta of wall street
6:57 defn of total return swap
How could Archegos realistically close out those positions without taking a loss? Their strategy relied on Viacom's price going not just through the roof, but all the way to the moon. It's suicide. Far too many scenarios can cause a price crash that forces margin calls for Archegos and the investment banks before they hit the moon (that happened). Swap carry costs are proportional to the stock price, so if Viacom had gone to the moon AND Archegos took months to close out their swaps, the carry would have killed them.
Why would they take months to close them? How would the carry kill his profit?
04:25 How misinformed you are... lol. 1000-2000% leverage is incredibly common on commodities and indices, even more on forex.
Where's the background music? Hmmm...you should put it back! :(
balling like bill
Always betting on RED, and doubling the bet amount if you lost, works fine... until the bank wins in the end. 😂
I'd be sad if my Wang was locked up for 80 years.
Truly a hero
Thank you for all the vids you make. I watch your content regularly.
Byt I think the sound is not good, and not at all ear friendly.
Would be great if you do something to fix your microphone
How can Bill be so greedy???? His fortune was in heaven, and he kept preaching the good book. the GOOD BOOK!!! no, it can't be so, he's a religious man, and religion is GOOOOOOOOOD!
You sound different.
Its always the same story. You only get caught when something has happened!!
8:59 - I too use Windows Media Player to analyse stocks and charts, like a pro that I am.
I thought banksters were supposed to be masters of the universe? This guy tricked them.
Love your videos guys.
"Other hedge fund?" Hwang didn't run a hedge fund when that happened. Pretty good, but the main thesis that it "almost worked," is inaccurate. There was no way out. His actions seem irrational.
There was a way out if he’d decided to take profit and not be a billionaire ape 🦧
It technically wasn't a hedge fund but he was investing the same way that hedge funds did and also in the beginning of the video he clearly states that Archegos was a family office. Now I think Bill could have gotten away with it if he had gotten out a bit earlier and of he used slightly less leverage, greed and hubris got the better of him
@@lukealadeen7836 how could he get out? He was the only one buying these stocks in such volume and pumping their value up. So if he sold them, the prices would crash back down to the levels he brought them at, and worse..
The market is not a place to gamble its a place to invest hence manipulation is and must be illegal
Funny money
What was his exit strategy? Seems impossible to exit in profit from his strategy
Only if he had heard of “get woke go broke”....
wait, thought he just got bail out for $100M?
Can we apply the principal agency problem to this event ?
Laught in 500x leverage here in Brazil.