When Risk Taking Goes Too Far - The Archegos Collapse
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- Опубликовано: 31 май 2021
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He forgot the 11th Commandment: Thou shalt be careful with the leverage.
shh! Moses lost that tablet, we don't speak about those commandments.
🤣🤣🤣🤣 And thou shall diversify
people who use leverage remind me of the homeless or working class buying lotto tickets. avoid doing that.
Book of Proverbs is full of verses about how evil debt is.
And Moses said, "It literally cannot go tits up."
The five banks basically reenacted the prisoner's dilemma. Except, they were allowed to communicate and they still failed.
When dealing with the likes of Goldman Sachs and Morgan Stanley, those European and Asian banks had no chance. I would have bet my life savings that it would be one of these two who would try to pull a fast one on the others.
“Prisoner’s Dilemma? No dilemma about it, the other guy was too slow.”
Basic backstabbing
From a game theory expert view, the most rational action when you encounter a prisoners dillemma, is to cheat/backstab first.
Can someone explain this prisonets dilemma?
"no individual has lost so much money that quickly"
SBF: "hold my beer"
I thought soo too, then checked and so the video was out a year ago lolz
Did he really “lose” it?
🤣🤣🤣🤣
Elon Musk: "hold my beer"
"With his car being a Hyundai, he wasn't your typical billionaire."
Are we so sure about that?! 😂
Anyone who claims to believe heavily in religious values while engaging in activities that have nothing to do with religion tends just be using religion as a shield from criticism and to gain trust by implying they will act morally.
Isn't that what everyone does ?
Or a nutbar
@@skindred1888 Religious people are always scammers and/or nuts and/or dumb.
@@Znwarp Yep
Anyone who is a Christian and a capitalist probably doesn't understand either.
Always gotta love when the richest people on the planet say, "Life isn't about money."
Yea, ok dude.
This is a saying of the rich people to keep the poor out
@@Player-ix7rxThe rich have other ways of pulling up the ladder after they've made it, but saying such cliches probably isn't one of them.
Being rich can´t buy you happiness,
but being poor can´t buy you anything.
It isnt
Those who built their fortunes largely from scratch often do it from an inner drive to succeed. Money and the things it can buy are just tangible evidence of their success. Those who inherit their money often just drift along in life, dabbling in the arts or philanthropy.
LTCM did the same thing back in 1998-“Trust us, we’re the smartest guys in the business.” Massive amounts of leverage.
ahh good ol LTCM. seems they never learn
Yeah using risky algorithms that aren't fully tested and 100x leverage is basically a recipe of disaster
We want a video on LTCM strategy and it's fallout by coldfusion
@@dustinreynolds1552 it is . In this business risk management is the most important
whiffs of enron. lol
Always love your story of such disasters. You make things really clear for me, a non-economist. Keep up great work!
These could be shown on TV.
Mr. Huang: "I'm wildly wealthy, but _life isn't about money_ ." God: "Hold my beer!"
😂😂😂😂😂
Ayo
God or wall street
lmfao
Just a sleazy gambler and preaching Christ. Now called virtue signalling.
God, I love how our entire economic system is based on gambling on imaginary money that can vanish over the course of days, hours, or even minutes.
It would be hilarious, except it affects us poor peasants.
I thought so too. Until an economist friend made me realize all value is imaginary. Compare a Casio with a Rolex. Why are their values so different?
that's why the best investment is into things that can't be stolen or lose value like knowledge or health
Buy Bitcoin.
Please read The Creature of Jekyll Island ! Hard facts exposing blinding faith.
Beware anybody who uses their faith as an asset in promoting their business.
Mate i agree highly. I lived with a close mate (not anymore) who is a devout Christian and obsessed with trading stocks. He earned good money as a high up manager. But will never hire a tradesman to render/repair his house. Either its me bandaiding/repairing wear and tear or other mates for a carton of alcohol. When i moved out the washing machine hot/cold facets had busted off the wall & flooded the house. Instead hiring a plumber he paid someone off Gumtree/craigslist for $50..... the repair job was even worse. My "close mates" reaction " this breaks my heart my faith was in that man to help me out" 😑
I only apply 'faith' to math.
"He started with 8.8 million dollars from family and friends!"
That's how the rich get richer.
That ROI will turn $1000 into $2,270,000. Has nothing to do with the initial investment and everything to do with the rate of return. But "Muh rich people" right?
That’s because he ran something called a “small family office”. This type of hedge fund doesn’t take outsider funds and only takes money from… family and friends.
Less scrutiny from SEC, more leverage opportunities, less client disclosure. But your also trading with less principal capital.
@@Zordiak 8.8 million gives you access to a fuckton more leverage than $1000 does
@@Zordiak Don't forget he lost everything and people still complaining about the rich getting richer lol.
@@bobbygetsbanned6049 Wow one rich guy lost his money so the whole sentiment must be false lol
Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 27, and earn nothing less $150k per year, but nothing to show for it yet.
When people have money, they spend it. And some people spend more money when they have more of it. If you want to improve your financial management, you should consult with a financial advisor.
@@sherryie2 That's right, you can avoid the traps of lifestyle inflation by consulting an expert advisor to help you plan for your short- and long-term goals; it all comes down to proper guidance. Over the past two years and six months, I have seen my income build wealth and now have a fully paid off house and at least $650,000 in stocks. All this is the result of subsequent investments with my savings and the application of expert advice.
@@kurttSchuster Nice, who is the Financial Advisor aiding you if this is not much i'm asking? my retirement plans are going down the drain with my 401k particularly losing everything it gained ever since 2021.
@@Mcllwain credits to NICOLE DESIREE SIMON, one of the best portfolio manager;s out there. she;s well known, you should look her up
@@kurttSchuster She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.
This man is single-handedly stopping inflation
Bless his soul.
Lol
Who???? This RUclipsr??🤔
@@ajaymg1076 ur pretty thick
The government are doing everything they can to stop deflation. Can they continue?
I guess that was God’s way of telling Bill he didn’t need his help after all.
God needs lots and lots of money, don't you know that? His glorious greed never ends...
God was obviously not pleased with him. Perhaps he should kill his first born, in order to get back on the right side of God.
God probably said, "Don't waste my time: If ain't Bezos wealth, then I don't wanna hear it!"
@@migovas1483 How dare you to assumes god's gender you homophobic bigot
If you win while praying for your christian god, it is god who has helped you win. If you lose, it is god that's telling you it does not belong to you. That is why your christian god on the other hand, is never wrong anyway.
The way you effortlessly switch between different pronunciations of Hwang to calling this man Bill like he’s your friend has me DEAD! 🤣 Keep up the good work!!!
When Hwang tells you there's nothing Hwang, but the leverage is guided by a prayer and a song, you know something is very Hwang.
You funny😂😂
"it will probably be fine potentially"
-Huang, probably
"It'll be fine"
- Drinker
Used leverage once , flipped 500 in 5k then went -160 . Never again . Thank you
i tried leverage trading with bitcoin once. the leverage was set to 100x but i had no idea what it meant, i just thought i was spot trading. within 30 minutes, i turned my $100 into $300, and then lost it all in the next 5 minutes
@@cvspvr 😂
You both made the same mistake he did, when using leverage to any degree you have to reduce your "exposure". Your exposure is the percentage of your portfolio you place at risk. Rule of thumb when using leverage is to only use 10% of your typical exposure which is typically only 10% or less of your total portfolio. So if you do the math 10% of 10,000 is 1,000 amd 10% of that is 100. You do this because when in the case say 100x leverage 100 is multiplied (you borrow) 100 times your collateral 100 time 100 is 10,000. Doing this allows you to greatly increase the diversity of your portfolio. As a portfolio with $10,000 is equivalent to a portfolio of $1,000,000 dollars, only difference is the fact that you are extremely exposed to broad market volatility. As you could see from the example when the market turns out of your favor in one area you may be forced to liquidate other positions to compensate the losses.
Yep, talk about an emotional rollercoaster. That's why I throw 75% of my retirement into a Vanguard S&P index fund me let it ride. I'll allow 10%, max, for high risk gamble. I'll be honest though, I bought a lot of gold before during the covid debacle and feel like a genius, even though I know it was dumb luck.
@@sgtjonmcc Who said that they dumped all their portfolio on leverage?
And now Archegos is now one of the big factors that led to Credit Suisse's downfall.
I can’t understand how Bill is still optimistic about his company, no bank will ever loan him funds ever again.
Don't underestimate greed and stupidity. Ever.
He done something similar before and bank forgive him after 2-3 years and started lending him money again. And this time maybe another 2-3 years they will do the same thing
I'm sure the dude is still handling millions.
bill have.cash sitting
he never be poor
Trust me - as a trader - there are good and bad days--- Just because he lost that amount in a day doesn't make him a bad trader- he just have to go back to the drawing board and revise his risk management ! his lost doesn't take away how brilliant he is in taking millions to billions! and people who have the skill will tell you - "I can lose it all and still go get it again tomorrow" ! im sure he will raise again !
‘God has a long term view’ - quote of the year! LMAO.
who knew
So funny🤣
God: That's right, I do, but you, Bill, you don't
it's incredible how many intelligent people can be infected by religion to the point where they say stuff like this and not even realise their own stupidity. At its very worst, they can even be convinced to fly planes into buildings.
"If a walls street guy says it's not about money RUN "~ Rohan B Naik
Why do I feel like you're Rohan B Naik...
Lol you correct man
Who?
I can hear the run bgmmm 😂
ah yes, the famous rohan b naik!
"Archegos" ("Αρχηγός") means "Leader" or "Chief" in Greek
Bravo!
Yeah... i laughed when they said in the video that archegos means something about Christianity haha
Could've sworn ARCHON was Greek for magistrate
@@JohnSmith-eo5sp archon of Tevinter
He says he loves god more than money but with the way he makes money he must love god very much
The amazing thing about this story is that if we stopped it prior to him yeeting it all away, it'd be one of those inspirational self-made billionaire stories. Hwang's appetite for risk made him rich, but it was also responsible for his downfall.
Like Icarus flying to close to the sun...
it also shows that a persons ideas and beliefs , the very things that drive their actions and thus make what he or she is, are way more important than what they have managed to "achieve" in life, as they can very easily loose every thing they gained due to their beliefs and ideas being fundamentally flawed and unsustainable
This sounds exactly like the people in Wallstreetbets. The same people that make a million dollars due to their risk tolerance, but that same risk tolerance ends them losing all their money a few days later
He also practiced insider trading. He is not who he claims to be.
@@georginam824 I hate to defend Hwang, but the money he risked was either his or entrusted to him by personal friends.
Archegos was a family office. It's why his personal net worth skyrocketed alongside the fund - even successful hedge fund managers don't see a 1:1 correlation between personal net worth and fund performance.
So technically, he wasn't actually gambling with other people's resources. He's more like that guy who went bankrupt gambling at Las Vegas.
"Money isn't everything... I want to spread the word of God." --> God smashes his stock to prove the point.
Oh God, your comment is funny!!
😂🤣😂
Exactly
That's nothing, latter he can just become Priest and people willingly give him their money to buy his mansion and private jet.
@@thatsawesome2060 Hey man... God told him to buy the Jet :p
This reminds of South Park, the banking episode; ".....aaaaaand, its gone!"
As usual, very interesting and comprehensive subjects.
Thank you
Definitely easier to gamble with other people's money
Easier yes, smart....?
@@RudolfJvVuuren very smart unfortunately. But sometimes criminal. Any time the investor gives money to a guy like this, they are trusting they know what they’re doing. That’s their mistake.
It’s always smarter to gamble with someone else’s money. Win and you’re a hero. Lose and it’s THEIR problem
It's not easy bud. Some investors come after your life/ legally or illegally. Especially when 100+ mill is involved.
@@Meatball2022 I mean, dude is probably in protection for his life rn. You don’t lose billions of dollars and get off easily. You can fuck with poor people’s money, but fuck with rich people’s money and you’re a dead man.
Depends who's money it is it's no fun gambling with loan sharks money
Interesting to see that when stocks are on the rise, you're playing with imaginary money, but when the values fall, that suddenly becomes real money.
Vast majority of the money isnt real, they use wash trading to fake raise the price.
In the end the money represent all humans possession and work time. No matter the value of the money. The possessions and work time will be the same.
@@Zyphera not really. money is supposed to represent "value" hence it is subjective. think of a louis vuitton bag. it costs $50 to manufacture yet it retails in the thousands. and someone will pay that amount. because they see some sorts of intangible value in it. value is subjective.
@@najibzaoui4073 yes its subjective. Hence imaginary
@@najibzaoui4073 Something is only worth what someone is willing to pay for it.
I love Cold Fusion stories & his music is slamming! Keep bringing awesome stories & dope ass beats!😁
Excellent piece of reporting on this issue and great job on the presentation too.
Paused at 5:49 just to say that ARCHEGOS is the word for LEADER in Greek and that's what I think he wanted to portray with the name.
I believe you. You have the most greek name ever.
@@roverrange3674 lol thank you!
I paused too, since that seemed like a glaring mistake (I'm Greek too). Then I googled "archegos etymology" and, for some reason, the first result I got was this
Definition
1.The chief leader, prince
a. of Christ
www.biblestudytools.com/lexicons/greek/nas/archegos.html
@@roverrange3674 lol, so true
@@ErugoPurakushi sure that explains it! In terms of etymology however it's pretty clear.
“Bill was secretive, often conceiling particularly large holdings from his own analysts”
So, a real life Bobby Axelrod
He doesnt look like a carnivore fucking monster.
Bobby was very particular about risk and he never hid position from analyst
Axe wouldn't lose that much.
until two analyst spoke to each other.SWAP FEE IS AMAZING..HE REFUSE TO BAIL..HE SO GODLY
HOW COHEN END UP WITH METS
I love this channel. Always learn something new.
These videos are so addictive, great work.
" He was the son of a pastor " - oh boy here we go again
Actually his faith has nothing to do with his investing style. Those are two quite separate things.
I think the pastor father might have abused Bill Hwang a lot, which is why the latter is shady as he is.
the only boy
who could ever reach me
was a son a preacher man.
@@mth469 Nice song!
Thats Ken Lay's upbringing, the father of Enron.
That’s a great hairline. You’d think the stress would have destroyed it
Lmao he bought it
😂😂😂😂😂
beautiful head of hair hey
He not stressed, other peoples money.
The 'interview' at 6:26 feels like a scene from Mr. Show. It's almost surreally funny.
Note that the guy who is interviewing Bill Hwang is literally starting to laugh in Bill's face, (6:36) when bill says he wants investors to "now the reality of God."
The fact that he's still alive and sane after losing 20 billion $ in 2 days is proof that he is no average guy.
Making 20 billion $ is in itself a feat, but surviving its loss is a span of time so short?? Goddamn
high risk tolerance.
Honestly i would probably neck myself if i was this guy
He is probably very cold blooded which is a blessing and a curse as a trader.
A blessing because wins or losses are both taken with no emotion but also a curse because you are ok with losing a bunch of other peoples money with no remorse or feeling of obligation to those investors.
I’m surprised someone hasn’t tried to knock him off yet
@@thefirsttrillionaire2925 can't.
"Devout Christian" as if that brings any credibility or ethics with it.
lmao, it might have been said as a warning sign
It means they have no ethics, anything they do they can always tell themselves "I'm doing it for God"
Like when a CEO/company says how they're "like a family" with thier employees.
Very much the opposite
It can if people practice what they preach. This guy was a fraud who used the faith to serve his interests not God's. Sadly not very uncommon. But people use anything for leverage these days.
So basically my take-away from this is that this guy would have been one of the absolute "greats" at wallstreetbets
"Oh, I get it. Y'all are a couple of bookies." - Billy Ray Valentine - "Trading Places".
Bill Hwang, a well educated, savvy investor with the instincts of a hardened gambler and the missionary zeal of a religious extremist. Dangerous combination of three combustible materials. The secrecy of the whole thing was the most important part, I think, that made it so lethal.
He was a gambler
"A well educated, savvy investor with the instincts of a hardened gambler and the missionary zeal of a religious extremist. Dangerous "
If you think about don't all all those things cancel each other out to some degree ?
@@yonisali3879 some, maybe, but obviously not enough!
religious extremist is a bit much
Just a fraud who gambled with other's money and tried to use religion to cover it up.
When wealthy people roll snake eyes: "I think the regulators need to get involved"
Risk management... A lesson so simple and yet so hard to learn because practicing it may go against the very fabrics of our beings.
Such a insightful video, I have watched this 3 times now and I keep coming back to watch it all again. You make content live and that lands right in my mind :)
You'll always find Credit Suisse, UBS and the top banks always involved in these stories
Also may be soft bank too.
Goldman Sachs. They even helped a person rob $4 billion in Malaysia.
Dude credit Suisse has lost so many times I have no idea how they are still in business.
Just Deutsche missing
As Michael burry said : "He mistook leverage with genius."
Edit : it's Steve eisman not burry
I pretty sure that was Steave Eisman
Yup, it’s Steve Eisman lol.
Wrong guy bruh
"I repeat this until I am sufficiently leveraged for my Personal Risk Tolerance"
-Lehman Brothers (probably)
@@CG-yq2xy Guh
Invest just 10% of your earnings, your own hand-picked stocks. You'll realize that you have beaten "Monday blues" for the life.
There's a mystery in investment.
At one time, I worked for a 410k retirement plan company that handles retirements plans for transamerica, vanguards, and all others 410k and IRA corporations operating in America. I can tell you, at first that retirement plans are a scam designed to make investors money without spending a dime of their own money.
When you work on something that only has the capacity to make you 5 dollars, it doesn't matter how much harder you work. The most you will make is 5 dollars, very simple.
I've different news about bitcoin mining and how tricky it is but people still say it's safe, I just need a reliable business expert.
@@tylerwilson5747 I made a cool withdrawal of $9400 on my first trade from Bitcoin mining and it was mind blowing.
brilliant analysis. I love this channel
people who shout out "Gawd" at least 6 times in one sentence scare me.
Yeah there are many crazy christians from south korea. Many cults as well
Nothing says virtues of the gods like defaulting on margin calls..
And doesn’t the bible condemn the use of interest? Yet he borrows and shorts. 🤔
I can understand making mistakes through un-calculated risks, but being a man of God and cheating or commiting fraud do not mix.
Along with a pleasant voice, your factual information is correct. 👍
I have class from 8:30am and it’s 4:50am here in NewZealand. Let me grab some sleep Dagogo
you still have 4 hours to sleep
I wonder if Dagogo uploaded it at 4:00 in the morning!?
@@unbeatable3d way to math.
Get some rest
Better watch later after class
I left this part of the Financial industry a few months before the whole archegos story was out. I had a contact at one of the Banks mentioned and they worked in a department that was somewhat closely associated(not fully) with Bill, When he call in looking for money My contact said he would alway end the call with "have a blessed day and thank you for doing gods work" and it just seemed off to him but his superiors told him its just who bill was. To me dude sounded like the scamTelevangelist you see on TV.
haha what's wrong with that - that was his believe- I thought we were in a world were people can be themselves. He was doing business with the bank- its not like they were giving him money for free!
@@Hello-um5dj Hes using it as a shield. Acting extremely devout while doing things that explicitly go against that is uh... Ya know...hypocritical
"It's not about money"
Proceeds to gamble billions for the sake of gaining billions more.
I love how in 6:29 this guy was like “nah dude I ain’t buyin that”sorta expression🤣🤣
What I understood is that the man has a Gambling Addiction, Getting High off of taking Risks.
High risk
I find it funny how he was playing the GOD card and throwing GOD into everything, as a way to justify what he was doing, when in fact he was nothing more than an gambling addict. LOL
Exactly.
That was very "Christian" of him.
did you see the story in the news recently of the nun who gambled???
I think he met his goal. When the bank executives found out Hwang was out of money, they each yelled "JESUS!"
@@nothingineternityterms LMAO😂😂😂
Huang: "God certainly has a long-term view."
God: "Shure am glad you noticed, Bill."
"They mistook leverage for genius” - Steve Eisman
Sad and impressive at the same time
Remember: "You cannot serve God and money at the same time"
You can if money comes first...
Both of which are man-made concepts
@@user-xh4zy3js2t Based
@@saveachildkillacaucroach4266 money is God 😳
Meanwhile the pope in his gold gilded pallace.
How did I not hear about this. What a story. Subbed. Wow such a great video
"Family offices" is a reality I know nothing about but am intrigued to learn more about.
It just means he had only family working with him like the mafia so they could ensure any illegal activity wouldn’t be leaked by future employees because they were all family and all benefited from it.
Churches have been doing this for a while. Pastors appointment only family members to the churches board so any money that is being stolen from the members is never leaked because anybody in the know is family and is benefiting from the nefarious activities.
He should be a mod at wallstreetbets lmao.
🤣🤣🤣
Dr.Strange: "Is that everyone?"
Wong: "I want more."
Underrated comment 👏
*Hwang
This is a good video on the background and mechanics of this, but I’d like to mention the Chinese government’s tightening on foreign listed (US) stocks and regulation on certain stocks such as online education stocks (which iirc were essentially banned overnight). He had heavy, leveraged positions in a couple of these stocks and almost overnight he lost an insane amount on them.
I still remember when this happened and watching the market.
"Guh.", Bill Hwang.
Finally a version of this story I actually understand! Thank you
Whenever I hear "In the name of God" I check if I still have money in my pocket
Just like taxeses
@@AS-yo2xz Naaah with taxes you can at least see a bit of it in education, health care, transportation...
Thank you for making this video and explanation. I hope more people learn about this and back stronger regulation
Archegos blew up so Paramount+ could get us the Halo TV show
Yet another amazing video, thanks Dagogo!
You know just what I like to see! I've been wondering who was going to be the first to make a good video about Archegos because I'm certainly interested in WTF they did and what exactly happened, but not enough to actually look up and read articles from multiple sources to learn about it.
Excellent channel guys.
BEST RUclips Channel !
I enjoy your channel, please keep them coming.
“It would be easier to pass a camel through the eye of a needle, than for a rich man to enter heaven.”
He sure is able to enter heaven easier now.
@@mytradingjournal123 lol truuuuu
@@ChideNorms i'm sorry but that's a typo search it up if you want.
Was looking for this comment. God is giving him a third chance now to live a "poor" man's life worth of entering heaven. Who wants to take bets on him going for that third try. Of course we are going to use borrowed money who's in?
@@AgerioBoss literally every translation says "It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God." STFU just admit Jesus was a dirt poor socialist and not fucking supply side corporate shill Jesus.
Always gives me a chuckle when I hear a multi billionaire capitalist talk about how close to god they are. He clearly wasn't as close as he thought.
When your winning it feels you can never loose, but you need an exit plan always!
Love your videos. Get to learn many new and interesting things from your videos
i like it when you cover financial matters.
Your channel has grown a lot. I have been with you since your note 2 video
These people seem to forget the first rule of gambling, the house always wins, not you.
I keep loosing in real trade but win in Demo.
Should I give up on Trade?
What should I do?
How may I do better?
What I'm I doing incorrectly?
here is my problem I have been making losses trying to make trade. I thought to trade demo is just like the real..can anyone help me out or at least tell me on what to do.
I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.
Kate Floretta
in stagram
Google "katefxfloretta" anywhere take classes and learn to trade.
having a mentor is also very important when it comes to Trade, with out that, it can be very frustrating.
I don't trust anyone who claims to know the mind of God.
I don't trust anyone.... period!!
Yes how does someone know the mind that pops up with 404 error every time multiple messages try to describe it. Hard to describe a mind that has been seemed to be offline since BCE.
@Walter Morris Well if god doesn't exist then this non-existence is the 404 error.
Great content! Can’t wait for more!
Very informative 👍🏻
Nice Fila Brazilia! Love this channel.
Thank you for another high quality piece of work. It is just frightening how greed can run rampant.
When people use God as a trading strategy... you got to get out.
Even a company where the CEO uses God as a business strategy - quit. They won't pay you.
@@georgio3753 Financial institutions are a risk to work for, regardless of their stated affiliations.
@@enkidu9298 True. I'm not knocking God. He gives people the ability to make profit. I'm knocking people who use God as a shield for their own ineptness. Like you take these risks and pray for a miracle when God gave you a mind to make better decisions.... Rather let people think you are a crook and don't drag God into it. In my opinion.
I actually thought God told me to buy Nio stock and never worry about money again. I did and I don't have to worry about money again. I'm also bipolar and can get delusional from time to time.
This is the main reason I am very hesitant to invest in ARK.. Cathie Woods "consults God" with every stock purchase.
That's a big red flag for me
Small correction. Archegos, αρχηγός in Greek, literally means the one that leads, a leader.
The word doesn’t have any connections to any religion.
Great Video!
He said “it’s not all about money” 😂
I tend to trust the openly irreligious business person more than the business person that oversells their religiosity as a way to earn trust.
Never trust a holier-than-thou fanatic. Also, if you belive in god in the 21st century, you are a fool.
@@RA-tg1dp Word
@@RA-tg1dp if you really are this close minded then i feel truly sorry for you.
@@drafman1 its just called having an education and not living in the stone age using magic to explain things we dont understand
Tf kinda logic is this? Don't trust either of them idiot, you trust Jeffrey Epstein over this guy?? Wtf
diamonds are forever indeed. thanks, Degogo!!!🎉
Being of age and how to manage the sequence of returns in those early periods is what seems quite scary in the current market. The market is never a loser in the twenty year cycle, but the 2000s decade scenario scares me and could really disrupt my retirement. When you're no longer accumulating but withdrawing, it's hard to be anything but cautious.
For now, investors getting started can feel overwhelming. Risk loom large and complicated, unfamiliar financial jargons can be intimidating.
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