Comments by "Samson Soturian" (@samsonsoturian6013) on "How to Lose $20 Billion in Two Days" video.

  1. 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.
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  2. He definitely was doing something right on the ride up, but Mr Hwang clearly has a gambling problem.
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  3.  @JJs_playground  any sort of loan is leverage. I once invested the extra from my college loan.
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  4. Yeah. Me. Minus a couple billion dollars.
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  5. That's not actually the picks that exploded on him.
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  6. Businessmen are just people like any other. This guy was actually a pastor's kid who became a stock analyst and got rich working up the chain at a hedge fund and investing his pay. No reason to doubt his sincerity in religion, but that doesn't mean he lacks a gambling problem.
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  7. More like a gambling addiction.
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  8. Hwang didn't. He had a number of stock picks from Asia.
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  9. Vicious? This guy is close friends with most people he knows. And BTW, getting ridiculous leverage isn't uncommon where he's from either.
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  10. Ponzi is selling below costs in order to scale up and take control of immense sums that can be abused. Case in point, Ponzi's bank invested in assets that returned an average of 3% a year and borrowed from depositors at 6%. Until the day he ran out of money, he lived in luxury and even bought the competing bank down the street that was profitable. Leverage, however, is simply borrowing money.
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  11. Usually they negotiate under threat of auto-liquidation after a couple days
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  12. Nothing happened
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  13. Grown ups don't drive those
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  14. He lied to the banks so they'd lend him more money.
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  15. Gambling.
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  16. I got kicked from that sub because my macroeconomic investing was to much even for them.......
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  17. He was a compulsive gambler, not greedy
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  18. Doomers have been saying that since the 1980's, bro.
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