Before he lost it all—all $20 billion—Bill Hwang was the greatest trader you’d never heard of.
Einar Aas in Norway also did a big fall.
Any other traders you know?
Both Einar and Bill didn't took the hit before it was to late.
Important lesson! Better that the fund manager or yourself take some losses then blow it all. ( Even if you are 100 right but have wrong timing )
Einar Aas in Norway also did a big fall.
Any other traders you know?
Both Einar and Bill didn't took the hit before it was to late.
Important lesson! Better that the fund manager or yourself take some losses then blow it all. ( Even if you are 100 right but have wrong timing )
Einar Aas crashed out of the market spectacularly in September 2018, when he was unable to cover a margin call, when the spread unexpectedly opened up again. This created headlines in the financial press and Norwegian newspapers. Essentially a wet weather forecast for Norway brought his strategy to a fall. In retrospective, if it would not have been for this dramatic price change, Einar Aas would have walked away some hundreds of millions euros richer. The spread turned out to narrow again
