Comments by "Samson Soturian" (@samsonsoturian6013) on "How a Rich Man Blew His Fortune in Two Days" video.

  1. With Mr Hwang you're looking at a well-intentioned man with a gambling problem. Quite the contrast to Martin Shkreli...
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  2. He wanted to take more risk than any banker would allow.
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  3. The hilarious bit is it would actually take longer to gamble away those billions than by what Hwang did.
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  4. They'll forget the minute a new race horse shows up. And judging by prices and social media activity, a lot have.
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  5. So? It doesn't hurt the company, and if you do it well you will reduce volatility and bring the stock price closer to true fair value. Key point: The stock price has NOTHING to do with a company's real value. It has to do with what investors THINK is the real value.
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  6. The thing about the scene was the exchange would have nullified those trades due to fraud.
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  7. BTW, the shorts Hwang got in trouble for were NOT bets against the company but rather trickery. He entered into a contract to buy a large amount of shares at a discount on the condition he did not sell for a long time. However, when he deposited the shares into his account, he already had already shorted at the current price allowing for an instant profit.
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  8. Step 1: Borrow to invest. Step 2: Speculate wildly on stocks using short term derivatives. The rest happens automatically as you lose all your money and much of the bank's.
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  9.  @godsmacked1000  liar
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  10. Video implies that any and all market crashes are due to lack of mandatory transparency. Which is preposterous.
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