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Wiped-Out Hedge Fund Manager Confessed His Losses on YouTube

Discussion in 'Cryptoshekels' started by CrunkLord420, Nov 21, 2018.

  1. Cryptoshekels is a financial board.



    https://www.zerohedge.com/news/2018...-catastrophic-loss-event-natgas-short-squeeze (https://archive.fo/zoTgL)
    https://www.bloomberg.com/news/arti...unts-liquidated-amid-energy-market-volatility (https://archive.fo/qMz6j)
     
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    CrunkLord420

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  2. Well I am sure he has since moved his liability elsewhere - but sorry, so sorry about all the clients who now in debt to the company (For loans taken by the company, of course)
     
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  3. Boohoo, he doesn't get to play with other people's money anymore and has to retire to his mansion. What a tragedy.
     
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    Coconut Gun

    Coconut Gun He's the gun member of the coconut crew

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  4. He can’t even do the noble thing and jump off a high rise like other failed hedge fund managers? What a pussy.
     
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    potatoe

    potatoe Meets expectations

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  5. More importantly - is the video monetized?
     
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  6. Damn, that's a lot of shekels. The fact that they managed to leave some of the clients in debt makes this absolutely hilarious to me.
     
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  7. In short:

    [​IMG]
     
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  8. He put all his money on options in natural gas. Not buying an ETF or index stocks that can go up and down but likely will increase over decades, which is what fund managers normally do, but options. He would have been better off going to the casino with all that money and putting it on the color of his BMW.
     
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    Route 79

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  9. It also means that this professional hedge fund manager didn't know some basic rules of trading commodity options. It sounds like they went full naked short calls and got exercised.

    Bad risk management.
     
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    LordKaT

    Verified True & Honest Fan

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  10. agreed re bad risk management (jesus wept) but not that fund managers don't use options. derivatives like options are an important part of fund management.

    most etfs outperform fund managers anyway. human fund managers and management services just aren't worth the money.
     
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  11. haha bitch get fucked

    i love it when hedge fund managers are in pain
     
    Terrorist

    Terrorist Osama bin Ladkin

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  12. options are a fine financial instrument as long as you know what you're doing. It sounded like this guy didn't.
     
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    LordKaT

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  13. He looks like Philip Defranco in that thumbnail.
     
    Hatoful Dandy

    Hatoful Dandy Minstrel of Sorrow

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