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Bill Hwang Had $20B, Then Lost It All in Two Days
- ArtWomb 6y ago>>> As Hwang explained it, cutting-edge companies were doing divine work by advancing society. He told congregants in his 2019 appearance at Metro Community that God loved Alphabet Inc.’s Google because it provided “the best information to everybody.” Archegos had owned the stock for five years. “God also cares about fair price, because the scripture said God hates wrong scales,” Hwang says in the video, invoking the multiple references to just weights and balances in the Old Testament. “My company does a little bit, our part, bringing a fair price to Google stock. Is it important to God? Absolutely.” Isn't "leverage" a form of "usury" ;)