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Has Achieved Nirvana
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posted
quote:
From his perch high above Midtown Manhattan, just across from Carnegie Hall, Bill Hwang was quietly building one of the world’s greatest fortunes.

Even on Wall Street, few ever noticed him -- until suddenly, everyone did.

Hwang and his private investment firm, Archegos Capital Management, are now at the center of one of the biggest margin calls of all time -- a multibillion-dollar fiasco involving secretive market bets that were dangerously leveraged and unwound in a blink.


https://www.bloomberg.com/news...source=pocket-newtab


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Outrage is warranted. But outrage unaccompanied by analysis is a danger in itself.

Bazootiehead-in-training



 
Posts: 31205 | Location: Somewhere in the middle | Registered: 19 January 2010Reply With QuoteReport This Post
Has Achieved Nirvana
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Easy come...

Jon - your thoughts?


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Life is short. Play with your dog.

 
Posts: 31130 | Location: Yorba Linda, CA | Registered: 23 April 2005Reply With QuoteReport This Post
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