When Risk Taking Goes Too Far - The Archegos Collapse
1,872,192
Published 2021-06-01
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Sources:
www.wsj.com/articles/what-is-archegos-and-how-did-…
www.wsj.com/articles/inside-archegoss-epic-meltdow…
www.wsj.com/articles/ex-tiger-asia-founder-trigger…
• Archegos Capital Fallout EXPLAINED
twitter.com/TrungTPhan/status/1378750061731926018
www.wsj.com/articles/who-is-archegos-fund-manager-…
www.wsj.com/articles/SB100014241278873239815045781…
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Julian Kruse - Dawn Over the Ocean
Hyphex - Fading Light
Lowercase Noises - The First Glimmer of Wind
Burn Water - She Shines
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All Comments (21)
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The five banks basically reenacted the prisoner's dilemma. Except, they were allowed to communicate and they still failed.
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"no individual has lost so much money that quickly" SBF: "hold my beer"
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Anyone who claims to believe heavily in religious values while engaging in activities that have nothing to do with religion tends just be using religion as a shield from criticism and to gain trust by implying they will act morally.
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Always love your story of such disasters. You make things really clear for me, a non-economist. Keep up great work!
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Always gotta love when the richest people on the planet say, "Life isn't about money." Yea, ok dude.
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LTCM did the same thing back in 1998–“Trust us, we’re the smartest guys in the business.” Massive amounts of leverage.
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And now Archegos is now one of the big factors that led to Credit Suisse's downfall.
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Mr. Huang: "I'm wildly wealthy, but life isn't about money ." God: "Hold my beer!"
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He forgot the 11th Commandment: Thou shalt be careful with the leverage.
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This man is single-handedly stopping inflation
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This reminds of South Park, the banking episode; ".....aaaaaand, its gone!"
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The way you effortlessly switch between different pronunciations of Hwang to calling this man Bill like he’s your friend has me DEAD! 🤣 Keep up the good work!!!
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Beware anybody who uses their faith as an asset in promoting their business.
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"it will probably be fine potentially" -Huang, probably
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"He started with 8.8 million dollars from family and friends!" That's how the rich get richer.
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"Archegos" ("Αρχηγός") means "Leader" or "Chief" in Greek
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I guess that was God’s way of telling Bill he didn’t need his help after all.
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God, I love how our entire economic system is based on gambling on imaginary money that can vanish over the course of days, hours, or even minutes.
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I can’t understand how Bill is still optimistic about his company, no bank will ever loan him funds ever again.
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Risk management... A lesson so simple and yet so hard to learn because practicing it may go against the very fabrics of our beings.
