The $20 billion crash in Viacom in 4 days smells of a total stock market crash. Where one guy can make a fortune and big banks suffer. The outcome? Wh
I guess, I cannot get away from any and all questions. I keep saying, ask me about real estate… But, first it was a number of stocks, not just Viacom. Second, it did (seemingly) not affect the actual companies. Third the ‘one guy’ owns Archegos (Arch Egos?) a Mr. Bill Hwang ( I assume you mean) lost billions, fourth, it is one hell of a wake-up call for all of the players. Fifth, the SEC will step in.
A great Movie to watch is “Margin Call”. Yes, everyone likes “The Big Short”, but, in this movie…all the players knew what goes on all the time. The solution? Be first out!
Make wrong bets yes: But it is the first one out of the door…that wins. In this case Goldman and other big boys. The late comers took billions in losses. Credit Swiss over $5 billion etc. Finally – to your question: There is never just one cockroach.