Comments by "Samson Soturian" (@samsonsoturian6013) on "When Risk Taking Goes Too Far - The Archegos Collapse" video.

  1. Mr Hwang really didn't care about the money. His biggest expense was what he gave to charity. He was just a skilled trader, and a compulsive gambler. Nothing more. He should moderate r/wallstreetbets
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  2. He was definitely gambling his own money too.
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  3. Two words: Margin Call.
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  4. Oh, I laughed so hard.
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  5. You never heard of inheritance? Rich people help out friends like anyone else, and Hwang worked for a different hedge fund for many years
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  6. That's the sign you don't have any idea what you're talking about.
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  7. I wish that were true. Now lose the political BS
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  8.  @pampam6182  shut up
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  9. Vhut?
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  10.  @EroticOnion23  when you realize there was an autist Bond villain. Before it was cool.
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  11. They were the smartest guys in the business and they were allowed 20 to 1 leverage
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  12. ​ @dustinreynolds1552 20x and not 100x
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  13. Con man? HE NEVER EVEN SPENT THE MONEY HE EARNED LEGALLY! "Degenerate gambler" is the word you're looking for.
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  14.  @sweealamak628  in case you missed it, he ran a family office because he was banned from handling other people's money. His former clients appear to have earned money given no complaints from them and the growth of Hwang's account. Instead what you're looking at is a gambler's rationalization. Where in his mind the insane risk is ok because if he gets the dough he can do wonders for charity. More importantly, note his biggest expense was the money he gave to charity.
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  15.  @sweealamak628  I'm not sure if you're refusing to here a kind word about Hwang because sour grapes, or you don't know how margin works. Of course these brokers lent him money, for the same reason Robinhood will lend literally anyone money. They retain the right to liquidate your positions at any time for any reason. SEC rules say you can only borrow twice what you invest with your own money, but Hedge Funds are exempt from that rule and borrow whatever the banks are willing to give (from twice, the 25 times as much as invested depending on what the strategy is).
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  16.  @sweealamak628  liars and hypocrites burn in hell
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  17.  @sweealamak628  shut up
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  18.  @sweealamak628  shut up
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  19.  @sweealamak628  shut up
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  20.  @sweealamak628  shut up
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  21. A swap isn't imaginary. It's just an insane amount of leverage and you can lose more than your original investment. This is ok as long as position sizes are really small. That is exactly what Mr Hwang didn't do. The banks will give swaps because to them it's like a bond. They hold on to the shares, the investor covers any profit/loss, and they collect large fees. The investor will do it because the fees are far smaller than the cost of any stock option.
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  22. BTW that account pretending to be Cold Fusion is a scammer.
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  23.  @quelorepario  do you really think that psychobabble has anything to do with the topic at hand?
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  24.  @quelorepario  you don't know the first thing about stocks or blockchain, do you?
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  25.  @quelorepario  shut up and go back to buying lotto tickets. Leave investments to people who actually care about the odds.
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  26. He lost stolen money​ @theguardian308 
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  27. It's a hedge fund that doesn't take outside investors. A retail trader that hires analysts
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  28.  Jin Lee  that's not funny
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  29. There's so many logical/factual fallacies right there
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  30.  @chuckdgaf5204  nothing you said has any connection to any person or group.
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  31.  @chuckdgaf5204  shut up and get draft
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  32.  @chuckdgaf5204  shut up
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  33.  @BADt0OtH  given how terrible businessmen actors/directors are, I'm sure a lot of them really believe that.
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  34. Hwang gave away most of his earnings to the church. He means well but has a gambling problem
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  35. Hedge funds are far from an essential industry
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  36. ​ @davidlorang7697 doesn't effect you
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  37. Wall Street ain't a holy temple.
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  38. He did give away his profits to the church when he had them
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  39. Over what?
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  40. You lose.
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  41. I am yet to meet anyone who thought that. Are you having issues personally with your spiritual beliefs?
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