got to add a new #1 to the largest trading losses in history wiki, 2021 shaping up to be an absolutely bumper yearhttps://en.wikipedia.org/wiki/List_of_trading_losses …
The virgin Gabe Plotkin (loses 4.5bn of mostly other peoples money, prime brokers unaffected) vs the chad Bill Hwang (loses 10bn of his own money in addition to 1bn+ losses at multiple PBs)
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Giga Chad
Thanks. Twitter will use this to make your timeline better. UndoUndo
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A naive question - if one supposedly trades up from $200m to $10b in 8 years, if you provide services to that person, as part of the KYC do you get an understanding what the strategy is and if the maths adds up?
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May be hard if the trading is exclusively in TRSs with a variety of PBs. You could make it so no one really knew what you were doing (e.g. this case).
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