News for hackers. Stuff that matters.

A comment on Bill Hwang of Archegos Capital lost $20B in two days. Parent comment

Re:Bill Hwang of Archegos Capital lost $20B in two days by paxys on Wednesday May 12, 2021 @01:35PM (#27132951)
The justification is that going from $50B to $5B isn't as bad as going from $50K to $5K.

If people don't have money to eat or pay rent then it's a larger societal problem. Beyond that, you are on your own.

[ Parent | on HN ]
Re:Bill Hwang of Archegos Capital lost $20B in two days by ALittleLight on Wednesday May 12, 2021 @01:44PM (#27133065)
I don't get it. You can go bankrupt without any leverage and definitely with 2:1. I could just put 100% of money in options and lose it all.
[ Parent | on HN ]
Re:Bill Hwang of Archegos Capital lost $20B in two days by dragonwriter on Wednesday May 12, 2021 @01:51PM (#27133159)
> You can go bankrupt without any leverage

You have to borrow something to have a debt that cannot be repaid.

[ Parent | on HN ]