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DoingDeals

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There's someone who lost $20 billion in 2 days with Archegos Capital Management look it up.

I know you're going to say he'll make it back, but can he possibly?
 
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Antifragile

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“On March 26, 2021, Archegos defaulted on margin calls from several global investment banks, including Credit Suisse and Nomura Holdings,[4][5] as well as Goldman Sachs and Morgan Stanley.[6][7] The firm had large, concentrated positions in ViacomCBS, Baidu, Vipshop, Farfetch, and other companies,[8] and the firm's use of total return swaps had helped to hide its high exposure from lending banks. Its derivative contracts "exposed the firm to severe losses when the trades went bad."[8]The Wall Street Journal reported that Hwang lost $8 billion in 10 days,[9] while Bloomberg News reported that Hwang lost $20 billion in 2 days.[10]

Hmm…. Definitely fast! But in the wrong direction!
 

Antifragile

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Skydiving Russian Roulette- Lane!
5-1 leverage on all his investment.
This guy found family office, I wonder whose money he lost! And it’s not his first time…

Ouch… I mean, ouch.
 
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Odysseus M Jones

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There's someone who lost $20 billion in 2 days with Archegos Capital Management look it up.

I know you're going to say he'll make it back, but can he possibly?

Like to post something but it doesn't need its own thread?

This thread is for you!


Thought I'd create a random thoughts and chit-chat thread for anyone who'd like to post something, but it doesn't need it's own thread.

For example, I just learned today that an idea I had years ago for an airport valet service is now reality. Not only is it reality, but it is growing and grabbing funding.

The service is EXACTLY as I envisioned it would be.

OAK and LAX Long-Term Airport Parking : Never Park Again

Darn it!

The old, "Damn, I had that idea!!" strikes again!

That said, I might invest as they are taking accredited investor money.
 

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