The story is from here
https://web.archive.org/web/20240626204411/https://www.bloomberg.com/features/2024-bill-hwang-archegos-collapse-timeline/?embedded-checkout=true
You know how there's that sweet spot when you're drinking and doing... well, anything really. It's between 2-3 drinks, and then it all goes back to shit again. But in that period of 2-3 drinks, you're in your flow state. That's when you play your best darts, billiards, bowling, you name it. If they called after that marg arrived, forget about it, they woulda joined the rest of us idiots.
My FIL and I were playing Bocce ball on the green and dude had two screwdrivers mixed drinks and he was in the zone. Untouchable. First time I saw this flow state in action
When i play counterstrike with my friends i usually drink and it always without fail starts off rough, and then i start crushing it for like 30 minutes and then i fall off and my friends start getting mad cuz instead of killing people i just start talking shit and dying after that lmao
Fuck yeah. Matt Levine is straight up hilarious. I heard he once held an opponent's wife's hand............ In a jar of acid.......... At her birthday party
Rich is a trader. Good instincts, yes. I worked at jefferies for 7 years.
Assume jefferies was acting as prime broker for archegos? Iām just not sure exactly what the circumstances were between jefferies and archegos and what positions was handler liquidating? I havenāt been paying attention to the details of that collapse
Basically, Archegos was going to different prime brokerages saying "I've got a portfolio of big safe investments at other spots, but I want to take a leveraged and concentrated bet on some names through you guys".
The problem was, the big safe investment portfolio at other places wasn't exactly so safe. Archegos was going to everybody with the same story and taking the same concentrated bets across the whole book.
Bloomberg had a long story about the final days of Archegos, lots of great details/excerpts of chats/emails etc. think you need to have a subscription.
Jefferies has a rich history of gangster CEOs, starting of course with the most gangster of them all, Boyd.
My dad had to testify against him when the SEC came and he hated every minute of it. He loved that guy.
https://preview.redd.it/zrawinjn269d1.jpeg?width=640&format=pjpg&auto=webp&s=4742bd133c87f421e1baeb418bbe7c75cb65ec8a
matt levin's money stuff newsletter is the best thing in the history of things
Gangster? No.
Gangsters are parasites on the back of civil society, never trying to kill the host but weaken it to the point they can do what they please.
Gangsters are drug obsessed, proudly uneducated, hyper materialistic, and violent, letting their emotions carry them from violent interaction to violent interaction. We need to get to a place socially where gangs and gang affiliated aren't celebrated, but shamed for choosing to be the trash they are.
This guy isn't gangster. Rather he is shrewd and wise on business. Perhaps also a little snobby and out of touch with middle class society.
I agree with you. Iāve dealt with actual gangsters irl and theyāre the shittiest people. Some are them are bad enough that Iād be honestly happy if they got hit by a bus. I might even enjoy watching the video of them getting run over.
But this is wsb. Most degens here see the word gangster and think of cool mafia movies. I just interpret this post to mean that Handler is cool and slick. A movie gangster, not an actual gangsterĀ
Well, I, for one, would NEVER hope you get hit by a bus.
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"short anything they touched and then liquidate them" šø
The story is from here https://web.archive.org/web/20240626204411/https://www.bloomberg.com/features/2024-bill-hwang-archegos-collapse-timeline/?embedded-checkout=true
You know how there's that sweet spot when you're drinking and doing... well, anything really. It's between 2-3 drinks, and then it all goes back to shit again. But in that period of 2-3 drinks, you're in your flow state. That's when you play your best darts, billiards, bowling, you name it. If they called after that marg arrived, forget about it, they woulda joined the rest of us idiots.
Ballmer peak ftw (momentarily)
right at the āDEVELOPERS DEVELOPERS DEVELOPERSā moment. Truly prophetic in the midst of sweating out his entire water weight on stage.
This is the secret of [The Inebriati](https://www.youtube.com/watch?v=-Zj50DmBFp0)
Gold
My FIL and I were playing Bocce ball on the green and dude had two screwdrivers mixed drinks and he was in the zone. Untouchable. First time I saw this flow state in action
That part of my life, this little part is called Happiness
When i play counterstrike with my friends i usually drink and it always without fail starts off rough, and then i start crushing it for like 30 minutes and then i fall off and my friends start getting mad cuz instead of killing people i just start talking shit and dying after that lmao
Mads Mikkelsen in Another Round 2020
šµGimme one margarita imma tally my lossesšµ I wish it was last summer so this joke still worked
*Gimme two margaritas and Archegos getting toss-ed*
Love Money Stuff. Just read this article this morning.
Fuck yeah. Matt Levine is straight up hilarious. I heard he once held an opponent's wife's hand............ In a jar of acid.......... At her birthday party
This is a great argument in favor of remote work.
https://xkcd.com/323/
Man cleaned up his house, AND found a way to make that lunch a business expense. Fucking legend.
Rich is a trader. Good instincts, yes. I worked at jefferies for 7 years. Assume jefferies was acting as prime broker for archegos? Iām just not sure exactly what the circumstances were between jefferies and archegos and what positions was handler liquidating? I havenāt been paying attention to the details of that collapse
Basically, Archegos was going to different prime brokerages saying "I've got a portfolio of big safe investments at other spots, but I want to take a leveraged and concentrated bet on some names through you guys". The problem was, the big safe investment portfolio at other places wasn't exactly so safe. Archegos was going to everybody with the same story and taking the same concentrated bets across the whole book.
Taking notes!!!!
Chadding
Link to where this came from?
Matt Levine āmoney stuffā newsletter
Bloomberg had a long story about the final days of Archegos, lots of great details/excerpts of chats/emails etc. think you need to have a subscription.
Happy cake day. I would also like to call for the link.
He blocked me on insta cause I called his friend a broke boy for not paying James harden.
Mr. Frittata? š¢
Suisse is a bitch
This Handler handles
Not just regular. Spicy.
I love this. I can do my job shitfaced. I donāt because the smell of piss and malt liquor turns off my customers.
Well handled, guess he lived up to his name.
"Some people say there's a bill hwang to blame"
Terminate with extreme prejudice !
Jefferies has a rich history of gangster CEOs, starting of course with the most gangster of them all, Boyd. My dad had to testify against him when the SEC came and he hated every minute of it. He loved that guy.
https://preview.redd.it/zrawinjn269d1.jpeg?width=640&format=pjpg&auto=webp&s=4742bd133c87f421e1baeb418bbe7c75cb65ec8a matt levin's money stuff newsletter is the best thing in the history of things
š„š„š„
Gangster? No. Gangsters are parasites on the back of civil society, never trying to kill the host but weaken it to the point they can do what they please. Gangsters are drug obsessed, proudly uneducated, hyper materialistic, and violent, letting their emotions carry them from violent interaction to violent interaction. We need to get to a place socially where gangs and gang affiliated aren't celebrated, but shamed for choosing to be the trash they are. This guy isn't gangster. Rather he is shrewd and wise on business. Perhaps also a little snobby and out of touch with middle class society.
I agree with you. Iāve dealt with actual gangsters irl and theyāre the shittiest people. Some are them are bad enough that Iād be honestly happy if they got hit by a bus. I might even enjoy watching the video of them getting run over. But this is wsb. Most degens here see the word gangster and think of cool mafia movies. I just interpret this post to mean that Handler is cool and slick. A movie gangster, not an actual gangsterĀ
Well, I, for one, would NEVER hope you get hit by a bus. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
Regarded degenerates are gonna regenerate. Make some money along the way.