How to Lose $20 Billion in Two Days
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Published 2021-08-10
Read more about Bill Hwang on Bloomberg Businessweek: www.bloomberg.com/news/features/2021-08-09/where-i…
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All Comments (21)
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Read more about Bill Hwang on Bloomberg Businesssweek: www.bloomberg.com/news/features/2021-08-09/where-i…
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“Apparently the Holy Spirit likes using 5:1 leverage in his investment portfolio.” -Benjamin
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YOLO-ing for the father, son and holy spirit
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If it had went the other way, he would have been immortalised as a legend lol.
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So what's your investment strategy ??
Hwang: Jesus take the wheel -
Bill took from the rich and gave to the retail investor. A true Christian
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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
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200m to 20b in only 7 years, that is still a legendary achievement. had he cashed out we probably wouldnt even know his name.
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He forgot the 11th Commandment: Thou shalt be careful with the leverage.
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A true Wallstreetbets GOD. He should be eternalized as a WSB Hall of Fame.
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Few years ago a Bus didn't return my change.
I still get anxiety for that. -
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.
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This is why crypto, still is the best option, in my opinion. Is all about saving money, not spending extravagantly.
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When you succeed you’re praised..when you fail you’re vilified.
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Make a movie out of it!!!! Call it the “preacher of Wall Street”
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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.
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Here is how: You lose $10B one day and than the next day you loose another $10B.
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"And anytime I see the name Goldman Sachs, I am always curious." 😂
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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.
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Ken Griffin: "hold my citadel..."
