Talk Money Weekly #002: How to Lose $8 Billion in 10 Days

Welcome back to our new Wednesday short, the Talk Money Weekly. Tune in each week to hear what’s going on in the financial world -- and more importantly, what it means for the bigger picture. Today's episode -How did Archegos Capital's Bill Hwang lose $8 billion of his own money and cause Wall Street to lose almost $20 billion. In this episode, I discuss how being overly risky, borrowing money, and having the banks "margin call" you is a formula for financial disaster.    Sign up for our newsletter with the best money topics of the week at thetalkmoney.com/newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices