Bill Hwang had $20 billion, then lost it all in two days

Bloomberg/Erik Schatzker, Sridhar Natarajan, and Katherine Burton

Repost from 4-8-2021

conceptual drawing of a wrecking ball gravitational potential energy stay out of the way“There are richer men and women, of course, but their money is mostly tied up in businesses, real estate, complex investments, sports teams, and artwork.”

USAGOLD note:  And you think you have problems? One small piece of advice:  It pays to diversify. Even if you happen to be a billionaire unless, of course, you do not mind standing between the wrecking ball and its destination.

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