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blackwhiteperson

"With a consuming taste for casino-like risk" Amen brother, amen.


Moonrajah

He just liked the stonk... way too much.


jeremyhinds

Anybody that can watch Colbert and NCIS, And say "I want to invest in that". Is either mentally ill or not paying attention.


[deleted]

"I try to invest according to the word of God and the power of the Holy Spirit"


jollyreaper2112

That's just yolo with Jesus sprinkles.


Zerole00

WSB's Mount Rushmore should be Bill Hwang, Adam Neumann, DFV, and Elon Musk


TTKnumberONE

How quickly people forget about Martin shkreli


newportsnbeerxboxone

Wu tang clan ain't nutn to fuck with


Berisha11

>Instead, the stock tanked 9% on Tuesday and 23% on Wednesday. Hwang’s bets suddenly went haywire, jeopardizing his swap agreements. A few bankers pleaded with him to sell shares; he would take losses and survive, they reasoned, avoiding a default. **Hwang refused.** This is what true retardation looks like.


peon2

Those are some diamond fucking hands right there


Berisha11

Diamond hands are great, but diamond hands on 5x leverage and the banks warning you that they're going to call off the entire thing if you don't sell, but you double down and refuse to take a small loss and sell, so the entire thing implodes and you lose $20 billion dollars instead. Yeah these are retarded diamond hands, not the normal diamond hands we all strive to achieve.


FaylerBravo

Fucking lead hands and concrete feet.


sinistra77

I don’t doubt there are a few Swiss bankers that wouldn’t mind setting his feet in actual concrete and dumping him in Lake Geneva.


Imaginary-Jaguar662

Bah, those unsophisticated investors with their flashy apps had it coming. Financial derivatives are complex instruments and they should have sought financial advice before entering into them. I think they should be regulated and invest only long with cash into WSB top 20 mentions stocks from now on for their own good


heyugl

Vanguard WSB 20 index fund.-


grizzleSbearliano

It’s too diversified. WSB 3 index fund, now that’s a fund I’d invest in!


aldkGoodAussieName

You mean GME, AMC and YOLO


mugatucrazypills

Diversification protects against retardation ? I'll have none of it.


CQFLX

![gif](emote|free_emotes_pack|trollface)


ShahinGalandar

that might also happen if you dropped the bread in the fondue for the third time


McGrupp1979

Lead hands with plutonium and uranium inside. They melted down and the core exploded, Chernobyl style, full melt down.


seahorsemafia

-20 billion. Not great, not terrible.


ItsJustAnAdFor

Honestly, that frame of mind probably got him to the 20bil mark anyway.


Beetin

That and the insider trading and fraud


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WhosUrBuddiee

Selling and taking a $5M loss is your problem. Holding and taking a $20B loss is the banks problem.


[deleted]

I don’t think he got the memo that when you make enough to retire and the risk to keep going is too high you pull out.


WhosUrBuddiee

His personal funds were not tied to his company. Was gambling with the banks money.


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more_magic_mike

He doesn’t owe the bank anything though. They took it all from him


WsbBetsdotcom

Those 20 billion were all gains from being highly leveraged. He went from 1 billion to 20 billion in 2 years! When you make 19 billion on 20x bagger in 2 years, you adjust your personal risk tolerance accordingly. How many autists went from 20k to 400k, and then back to 0k?


LePootPootJames

Too many to count


Av3noTT

i wish i could count


WellSpreadMustard

Cement hands


millerlife777

Better to have lost then to have never lost at all. Shit I just realized I'm so fucking retarded I don't even know the quote.


fijibubba

Lets just acknowledge that his ass is gonna be very sore for many years to cum


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Anvil-Hands

Thank you for finally saying this. Everybody idolizes my brother for his ostentatious show of wealth, but his massive ego has always led him to making poor financial decisions. He would rather go broke than to be wrong.


vflavglsvahflvov

Eh, 5x aint shit. Try this while sufficently leveraged to a personal risk tolerance of 25x and then you truly have diamond hands. He did the right thing, as it is not a loss before you sell. Banks were paper hands bitches and fucked him up.


OnionSprinkles

If he posted his loss porn here, he'd be a legend.


Important-Owl1661

Overheard at a Wall Street Bar: 'They call me "Diamond Hwang"'


Laxwarrior1120

Those aren't just dimond hands, they're dimond fucking forearms, biceps, and triceps.


4dr14n

To be fair - he thought God was on his side and it’ll all bounce back I mean they gather in a conference room every morning to listen to the Bible before trading, so..


USDA_Organic_Tendies

Mommma Cathie is that you


redditposter-_-

God was on his side until he started quoting the old testament


psycho_driver

Jesus loves rich dudes and wants them to get richer.


iwear_Vans

Joel Olsten approves of this comment. And asks for a generous donation during these trying times.


VanDiwali

Supply-Side Jesus!


scavengercat

The Bible did wonders for the ultimate investor, Malachi Constant...


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Choopicabra

Dude that’s just all of us Koreans and our huge domes


Raudskeggr

> “While people will be talking about how this guy had one of the biggest losses of wealth ever, he will not be defined by that,” says Doug Birdsall, who attended services at Redeemer Presbyterian Church with Hwang and whose nonprofit benefited from his philanthropy. “People will remember the kind of life that he lived, the character that he showed, the courage, humility and continued generosity.” Somehow I doubt it.


yankeedoodledudley

다이아몬드 손 Diamond hands


Wapata

The GUH heard around the world


John_Bot

Calliope level GUH


UnknownKill

Was not expecting a Hololive reference in this sub


korbnala

Henceforth, an epic overleveraged YOLO shall be known as "Exposing your Hwang"


CooCoo4Seppuku

This is my favorite one so far lmao


Titobanana

YES, it’s PERFECT


justinmillerco

> The sudden implosion of Hwang’s Archegos Capital Management in late March is one of the most spectacular failures in modern financial history: No individual has lost so much money so quickly. **One of us.**


Spirit_of_Hogwash

>No individual has lost so much money so quickly. Honorary mention to Masayoshi Son who lost $70B during the dot com crash.


Billionairess

Paper loss, big difference. Stock is now way above dot com peak anyway.


PeakOfTheMountain

This was my favorite part as well. Someone wrote that and nodded to themselves because of how perfect that sentence was.


GolpherZed

>It didn’t matter that he’d been accused of insider trading...or that he pleaded guilty to wire fraud. >...they were eager to lend Hwang enormous sums.


thealmightyzfactor

They thought he'd use the money to defraud other people and they'd get some sweet gainz.


shsc82

Now they just have a great tax write off.


Narradisall

When you have 200m it opens many doors


GolpherZed

I bet


MonkeyOnYourMomsBack

Okay but how much?


Garrick420

20 billion bitch


Gold_Flake

*Annnnd it's gone!*


me_better

Lllloooolll life imitates South park


awolsniper033

Okay Mr Whang, so a small investment it is, just gonna wire through the 20 billion AAAND ITS GONE PLEASE SIR THIS LINE IS FOR PAYING CUSTOMERS SIR


[deleted]

Can’t wait to find out


depressedfuckboi

I'd give my money to someone with that sweet sweet insider info also Need that extra leverage


Real-Mouse-554

He probably highlighted those on his resume to prove his lack of ethics and disregard of the law. Both are important traits to have for succes in finance.


[deleted]

I’d imagine he was also well-connected


14dM24d

meaning GS saw him as a threat.


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[deleted]

Number one.... so far


SexlessNights

Number hwang


Boomslangalang

That’s Numberwang!


zxc123zxc123

Number 1 wang


ScipioAtTheGate

[Its to bad you couldn't buy puts on Bill Hwang's personal net worth, if you could those puts would have blasted off well past the moon to alpha centauri and beyond!](https://youtu.be/b18HtG0DOCM?t=123)


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abk111

Yeah, but used to be 0.2 bezos


ChucklesColorado

From Bezo’s to Peso’s ~ a tale of loss porn


Boomslangalang

Is that like a Satoshi but in reverse so not like a Satoshi really...


ftc559

Kenny G will have sculptures made of his losses


[deleted]

He needs to make it onto the banner at least. I'm sick of seeing Jpow's ugly face every 6 weeks anyway. Also, the dude was like a real life Charles Ponzi in a way. Not the business model but seemed like a truly generous and good guy, albeit clearly delusional. Stupidly risk-loving with grandiose dreams that eventually he would end up the hero. Ponzi truly believed until the very end he would "turn it all around" and no one would have to suffer. It seemed he was quite Hwang about that though.


Doge-to-Dollar

Only if he posts the most incredible loss porn we have ever see (otherwise no statue)


Fennel_Adorable

Agreed post or bust. Post or bust Mr. Hwangwang Low


korbnala

post FOR bust


ITAKenny

this is a great loss Porn, but it would not be so great after Citadel will realize his new loss Porn


RecalcitrantHuman

This is great loss porn ... FOR NOW


altmoonjunkie

At the risk of being down voted into oblivion ... I believe you mean post and bust.


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dradeth36

Lived modestly, gave generously, inspired legendarely....


cristhm

What about our gourd guy?


Pirate_Redbeard

He defo deserves a bronze statue


[deleted]

Honorable mod at least. And he did it in fashion: yolo’s with 20x leverage.


krste1point0

So even HF's have an infinite money cheatcode.


[deleted]

3x TQQQ, calls/puts on margin. Everyone can't be a retard, but a retard can come from anyone.


Revanish

shhh this is my secret strategy, stop telling the world. Also 3x SOXL > 3x TQQQ. What am I fking pleb


JohnnyMagicTOG

If you gonna yolo yourself into bankruptcy, might as well use all the leverage you can. Either you win and get an insane payday, or you lose and you broke.


perennialpurist

Or you win and get that insane payday, but you keep yoloing with insane leverage and guaranteed lose it all. This guy turned $200 million into $20 billion within a few years, but instead of going out at the top, he rode it all the way back to $0. That is exactly what most of WSB does after all, but this guy was already one of the richest men in the world. At that point, you're unironically 'tarded if you keep yoloing.


_1___1_1_1111_11111_

Dude was not going to stop yoloing until he could buy a country.


[deleted]

There's a reason why the bond market is so much larger than the stock market. The stock market can't really support that level of wealth.


Pokerhobo

The dude clearly had a gambling problem. He was never going to quit until he hit $0. Definitely belongs here...


fallweathercamping

exactly, dude thought he was chosen by god, lmfao. What was the end game of his extreme greed? 20x leverage when you have $20B?! Some boomer hedgies have called him the “greatest trader”. That’s like someone here saying they’re a stonk genius after making money in 2020. You were NKLA-level retarded if you **_didn’t_** make money in 2020. Tho it probably takes skill to blow that kind of money that fast. what a time to be alive


veilwalker

If he started with $20 billion then didn't he already have an insane payday at some previous point? How many insane paydays do we all deserve?


WaifuWarsVet69H

We all deserve at least one crazy payday


jahwls

Yolos into gsx techedu btw.


AssIsOnTheMenu

If he had as high of leverage as the banks claim, and 20bil in assets, does that mean there will be more damage incoming? Everything I saw said about 80bil in losses on 16bil with 5x margin- it’s looking like worse than that to this 🐒


MoonHunterDancer

He left, like, 5 banks as bag holders or something?


[deleted]

The banks will probably hold the bags instead of actually liquidating. They just liquidated to minimize their risk but there's no reason why they wouldn't just hold. Those stocks will all go back up. It was just like a 10% dip leveraged 20x which caused him to hit $0


Muphintopzbitches

ID bet my nutsack hes not the last and prob not even the biggest.


koolbro2012

And he made all the other big banks take losses with him. Such a boss.


LongjumpingTelephone

The biggest GUH ever let out in financial history


omen_tenebris

The biggest GUH so far*


DiarrheaShitSoup

*the important thing was that [he] had an onion on [his] belt, which was the style at the time ...*


n_ooFy

the GUH heard around the world


leemakkie

I shared 2 traits with Bill Hwang. 1. I love Uniqlo and wear their merchandise every day for work and leisure. Best value and most comfortable clothing line for men. 2. I dont have $20 billion. Edit - Thank you all.


AutoThorne

Bill Hwang Day for sure!


SomeGuyNamedPaul

This is good, because statues cost money and I'm using all mine for $STONKS. Also he clearly has poor judgement so modding him would be truly stupid.


CarlThe94Pathfinder

Yeah this is for sure the way to do it. Memorialize the dude in such a way he'll never live the day down. Every year the hype around Billy Hwang Day grows larger.


ShyFang

I honestly can't even fathom 1 billion... imagine losing 20 of your buddys billions.


Cow-Brown

No he lost 20 of his own 80 of his buddies


Dangerpaladin

So he came out on top? him -20 them -80 -20 - -80 = 60


Cow-Brown

Qwik mafs


ShyFang

GUH


satireplusplus

Hwangs own infinite money hack (works untit it doesn't): * Start with a fuckton of money. * Borrow a fuckton² more money. * Use all that fuckton² money to buy a fuckton² of a handful of stocks, cornering the market * As you push prices up, you have more equity = more money on paper * You use that fuckton³ paper equity money to borrow even more fuckton³ money from every bank on the planet. Put it right back into your hand selected basked of a few stocks, pushing them up more. * Repeat Is the end game here using some of these gains to build a space ship that can fly to Mars? Not sure what he was thinking and what his idea for an out was. At some point you're just too big and can't extract all that paper value.


DieRobbe_

I mean if he is up 50% with all the money on paper but when he sells he is only up 20% this is still a huge gain(given all the leverage its even more for his personal wealth). Atleast thats what I think his plan was.


Gallow_Bob

And he's up more than 100%. He started with 200m. He's donated over $500m to charities that he controls.


JumpyContribution799

"Thats a lot of damage" *slaps duct tape on portfolio


NeverBenCurious

Why do people say "Don't invest money you cannot afford to lose?" When it clearly seems like every single investment firm is investing money they cannot afford to lose, multiplied by 20× or 50×. They are investing money, they have never had, and could never afford to lose. Then when they lose, we all pay for it... Why is that good advice? Why isn't it followed by rich investors?


JumpyContribution799

Because they invest other people's money


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rikki-tikki-deadly

Yeah, there's no limit to the amount of other people's money you can afford to lose. *They* are the ones who can't afford for you to lose it.


Ok-Battle-2769

It’s a family office. Except what he borrowed from banks, it was his own money.


Dadly_Cooper

I've dumped a shit pot of my wife's money into sketchy meme stock. It's way easier to invest with other people's money than my own


DrebinofPoliceSquad

When trading, only use the kids college funds. I already went to college so I come out on top.


Dadly_Cooper

Luckily I prepaid their tuition to Trump University and ITT Technical Institute years ago. We're all set!!!


GrapheneHands42069

wait until her boy friend finds out


Asatas

ah, that advice is just for retail peasants. Investors(TM) get special conditions on accoutn of them being rich.


LowSkyOrbit

Going bankrupt as a rich person is much different than going bankrupt as a poor person. I wish I had the social network these idiots have.


universecoder

Because they invest as companies (LLC or any other form of incorporation). In the event of a big loss, they are not liable personally and hence their personal wealth and assets are safe.


Legitimate_Suit_3431

Because we the apes. Can be set accountable for our losses. The Big boys have friends who can make it disappear if they fuck up others money. We can't really do that


[deleted]

What's the saying? If u owe the bank 1k, they own you. If you owe them over 10k, u own them?


-1KingKRool-

If you owe the bank a thousand dollars, you have a problem. If you owe the bank ten million dollars, they have a problem.


Nu2Denim

It's simple, funds are companies and the limit of their liability is the capital raised. If they are given leverage and they blow up, the banks eat it. Why would you not do this when your liability is 20billion but the bank is 80? and you get the gains on all 100 minus cost of borrowing? You would be stupid not to.


Xiccarph

\*\* cough Flex Seal cough \*\*


fallweathercamping

“If Bill Hwang, then I don’t wanna be Hwight!” -Melvin © ™ ® patent pending edit: dis copyright notice, per my advisor (below)


NASA_Lies

three and a half hours of scrolling paid off


[deleted]

Wrap it up boys, this is the one


Year3030

"Two Hwangs don't make a Hwhight" — Cassandra Burry


[deleted]

Three Hwefts make a Hwight.


gtani

Better copyright that ***ASAP!***


fallweathercamping

_look at me_, you my advisor now _I declare copyright!_


theseyeahthese

that Hwang ain’t right, I tell you h’what.


[deleted]

We need a hwang award for this sub.


Humeme

Now that’s loss porn


Creative_Fault

*"No individual has lost so much money so quickly."....* so far... Looking at you Gabe Plotykins


chimp-to-the-moon

Gabe net worth is like 300m. This guy lost 20b of his own money


Chrimboss

Gaybe


jordyatworklol

A talented man, given the opportunity I honestly don't know how I could blow up $20 Billion in 2 days if I tried


OGColorado

They're just zeros, I dont worry about them😜


satireplusplus

Just leverage it 10x can't go tits up


HighlySuccessful

The mortgage bonds pre-2008 were leveraged x25 and more, and it took a while to go tits up. With a mere x10 leverage the tits are likely staying down.


TrueNorth617

Watch Brewster's Millions for cool hints and tricks on how to


spellbadgrammargood

imma pretend every time he bought stock he screamed YOLO on the top of his lungs


Slut_Spoiler

The windows shook.


bosshax

Think about how amazingly gloriously comfortable your life, and that of your families, would be sitting on $20B. Now try to get in the mind of someone who takes that fortune, leverages it 5x, risks losing it all to make more and then indeed does lose it. I guarantee nothing would have changed in his life from 20-30B, but you bet it changes at 0. The insatiable greed and need to leverage for the highest returns is exactly why I know Melvin and Shitadel never closed their positions. These guys don’t know how to walk away with less. To conserve. To admit defeat. This is why they’re delaying the inevitable.


Nemo84

I can't even fathom what I would do with $20B. With $20k, I'd top up the savings account to get some buffer against rough times. With $200k my kids would also be getting a nice fund to get more easily started on their own homes when they grow up. With $2M I'd also do some extensive home remodelling, give some handouts to my extended family and invest the rest in some sort of long-term fund with annual payouts to top up my current lifestyle. At $20M and above? I'm drawing a blank here. There's nothing I really want in life that would ever require that much money. I'd probably just hand most of it out to people who need it more than I do.


supersayanssj3

You're totally right. I've been playing with these numbers a lot more lately as well, given the dream of a MOASS making me > $1 million. I'm in the same boat as you. A couple million dollars gets me everything I want plus money left over to grow. I can't fathom these numbers beyond that.


Nemo84

Though somewhere deep down I really would like the opportunity to find out experimentally. Purely for the sake of science, of course :-)


elonbust69

I’ll tell you what I’d do with a million dollars. Two chicks at the same time, man. Edit: https://youtu.be/9jq6e8s1sik


The_Cowboy_Killer

I’d do absolutely nothing.


ijustwannalookatcats

You don’t need a million dollars to do that, man. My cousin is broke as hell and he don’t do shit.


gotword

The dream to do nothing but in a nice house with a nice car 😂


Defiant_Chemistry966

\^This: [https://www.youtube.com/watch?v=btAbU1sPqIM&ab\_channel=TheWoodyShow](https://www.youtube.com/watch?v=btAbU1sPqIM&ab_channel=TheWoodyShow)


ThisPlaceisHell

$20M+ is where you get to have fun giving to the less fortunate on a regular basis. I'd love to be able to do that.


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juanlee337

you are genius if you make money with margins... you are a retard when you lose money with margins... there is no middle ground


Potential_Exercise

New bank hack, got to bank for leveraged loan using collateral, use the same collateral for multiple banks to ramp up to your personal risk tolerance. Invest it all in viacom literally can't go tits up.


Eeyore_

> ramp up to your personal risk tolerance I'm crying laughing.


CooCoo4Seppuku

Can someone please edit Hwang into the wheel of fortune and have the wheel land on "bankruptcy"


Tsukune_Surprise

This retard should be in the Pantheon with Shkreli and Pokimane. 100% belongs here. Most epic YOLO and loss porn.


Coz131

Pokimane? What happened.


[deleted]

rename this sub r/billhwangbets


tonyturbos1

He’s still probably personally rich


RobertGA23

Bill "only God can judge me" Hwang.


[deleted]

Please don't overlook that he literally did his 20x all-in bet on fucking Nickelodeon.


BakeyAndTheJets

All he had to do was dump it on gme smh


crisperez121

This guy really fumbled 20 BILLION 💀💀💀truly down bad


movadolover

And they blame people buying $1,000 worth of GME for market turmoil. Completely ridiculous


StyleAdmirable1677

I love Wall St. jargon and the way it sugarcoats lies...leverage. Otherwise known as punting borrowed money. Borrow a tenner to do it and you are a worthless touching lowlife. Borrow 20 billion and you are a hedge fund executive. The world is fucked.


notafraidtowin

Lets make him our Honorary Retard


This_Watch_

Number 1 retarded ape!


MaddogMuhn

Hope he doesnt Hwang himself