How to Lose $20 Billion in Two Days

The video explores the rise and fall of Bill Huang and his firm, Archegos Capital Management. It details how Huang, an immigrant with a modest background, became a significant figure in financial markets through aggressive investments and leverage. Despite his success, Archegos collapsed due to risky strategies and lack of hedging, leading to massive losses for banks. The video also reflects on the lessons learned from this financial debacle and the regulatory implications.

What were the financial implications for the banks involved with Archegos?

Explain the concept of swaps and how they were used by Bill Huang.

What lessons can be learned from the Archegos Capital Management collapse?

Discuss the ethical considerations surrounding Bill Huang's investment practices.