Bill Hwang lost $20 billion in two days — without a single public filing revealing his true exposure.

Using total return swaps, Hwang's Archegos Capital secretly held tens of billions in leveraged positions, and when Credit Suisse issued $2.8 billion in margin calls on March 25, 2021, the entire structure collapsed overnight.

Goldman Sachs sold $10 billion in stocks in a single day, ViacomCBS dropped 27%, and Credit Suisse alone lost $4.7 billion. Hwang was arrested on April 27, 2022, charged with racketeering and securities fraud — a man who once founded a Christian ministry on financial stewardship.

🎧 Part of the Sleepy Stock Market series — financial history told as documentary audio.

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SLEEPY STOCK MARKET

Fall asleep to the greatest stories in financial history.

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#Archegos #BillHwang #WallStreet #FinanceShorts #CreditSuisse #StockMarket #FinancialCrisis #MarginCall #Investing #MoneyShorts

Fall asleep to the stories of Europe’s earliest financial disasters — the original crashes and speculative bubbles that swept through Holland, France and Britain between 1600 and 1720.From Tulip Mania in the Dutch Republic, to John Law’s Mississippi Scheme in France, to the South Sea Bubble in London, this episode follows the first great experiments in paper wealth, credit and stock markets. Tulip bulbs trading for the price of a house, a gambler put in charge of an entire economy, and a company that promised to make Britain’s national debt disappear — each boom ended the same way.These are the crashes that taught the world what a financial bubble was, long before anyone had a word for it.🎧 Best listened to with headphones or a sleep speaker at low volume.⏱ Designed for long, relaxed listening — no ads, no hype, just the story.━━━━━━━━━━━━━━━━━━━━━━━━━━━━━SLEEPY STOCK MARKETFall asleep to the greatest stories in financial history.━━━━━━━━━━━━━━━━━━━━━━━━━━━━━#TulipMania #SouthSeaBubble #MississippiBubble #FinancialHistory #MarketBubble #EarlyModernHistory #StockMarketHistory #SleepStories #FallAsleep #SleepyStockMarket #FinancialCrash #EuropeanHistory #MarketHistory #InvestingHistory #FinancialMania

Fall asleep to the story of how America turned speculation into a national pastime in the Roaring Twenties — long before the crash of 1929.After the Florida land boom, the frenzy moved to Wall Street. Ordinary Americans opened brokerage accounts for the first time. Shoe-shine boys gave stock tips. Pool operators and investment trusts quietly pushed prices higher. Cheap credit, margin loans and a belief that prosperity would never end turned a healthy bull market into a dangerous mania.This is the story of how the culture of betting on stocks spread across America — and set the stage for the greatest crash in history.🎧 Best listened to with headphones or a sleep speaker at low volume.⏱ Designed for long, relaxed listening — no ads, no hype, just the story.━━━━━━━━━━━━━━━━━━━━━━━━━━━━━SLEEPY STOCK MARKETFall asleep to the greatest stories in financial history.━━━━━━━━━━━━━━━━━━━━━━━━━━━━━#RoaringTwenties #1920s #WallStreet #StockMarketHistory #FinancialHistory #MarketBubble #Speculation #GreatDepression #SleepStories #FallAsleep #SleepyStockMarket #InvestingHistory #BullMarket #1929Crash0:00 Wall Street Awakens (1921)9:00 Buying on Margin Changes Everything18:00 Charles Mitchell & The Demo. Dream28:00 The Fed Lights the Fuse38:00 Everyone Wants a Piece48:00 The Art of the Pool Operation58:00 Jesse Livermore: Born to Speculate1:08:00 Borrowed Money, Borrowed Time1:18:00 The Warnings Nobody Heard1:28:00 The Crash That Broke the Dream1:35:00 Lessons Written in Ruin

Fall asleep to the wild story of the Florida Land Boom of the 1920s — America’s first great property bubble, and a dress rehearsal for the crashes that came later.In the space of a few years, swampland and sandbars were flipped for fortunes as Americans dreamed of a tropical paradise. Speculators bought lots they had never seen. Trains arrived overloaded with new buyers. Charles Ponzi himself turned up in Florida with a property scheme of his own. Then hurricanes hit, the frauds were exposed, and the whole market collapsed even before the 1929 crash.This is the story of how Florida became the playground of the American Dream — and America’s first big real-estate nightmare.🎧 Best listened to with headphones or a sleep speaker at low volume.⏱ Designed for long, relaxed listening — no ads, no hype, just the story.━━━━━━━━━━━━━━━━━━━━━━━━━━━━━SLEEPY STOCK MARKETFall asleep to the greatest stories in financial history.━━━━━━━━━━━━━━━━━━━━━━━━━━━━━#FloridaLandBoom #RealEstateBubble #CharlesPonzi #RoaringTwenties #FinancialHistory #MarketBubble #PropertyCrash #StockMarketHistory #SleepStories #FallAsleep #SleepyStockMarket #1920sHistory #USHistory #InvestingHistory0:00 Paradise Promised8:40 Flagler's Iron Dream17:20 The Folly That Won26:00 War Opens the Door34:40 Draining the Everglades43:20 Carl Fisher's Grand Gamble52:00 It's June in Miami1:00:40 Cities Born Overnight1:09:20 The Binder Boys & Paper Fortunes1:18:00 Cracks in Paradise1:26:40 The Bubble Bursts1:32:00 Echoes of the Crash

Fall asleep to the extraordinary story of the South Sea Bubble of 1720 — the financial catastrophe that shook Britain to its foundations, wiped out thousands of investors, and humbled even the greatest mind in history.The South Sea Company made an audacious promise: it would take on Britain's entire national debt in exchange for a monopoly on trade. Shares went into a frenzy. Noblemen, clergymen, servants and speculators piled in. Even Isaac Newton — the man who had calculated the orbits of the planets — lost a fortune. Then it all collapsed in a matter of weeks.This is the story of Britain's first great financial crash, the original bubble that defined every mania that came after it.🎧 Best listened to with headphones or a sleep speaker at low volume.⏱ Designed for long, relaxed listening — no ads, no hype, just the story.━━━━━━━━━━━━━━━━━━━━━━━━━━━━━SLEEPY STOCK MARKETFall asleep to the greatest stories in financial history.━━━━━━━━━━━━━━━━━━━━━━━━━━━━━#SouthSeaBubble #IsaacNewton #BritishHistory #FinancialHistory #MarketCrash #StockMarketHistory #SleepStories #FallAsleep #SleepyStockMarket #RobertWalpole #1720 #FinancialBubble #EarlyModernHistory #InvestingHistory #marketbubble 0:00 The Morning That Changed England10:00 War, Debt & Desperate Measures20:00 Birth of the South Sea Company31:40 The King's Endorsement41:40 1720: When Greed Took Over51:40 John Blunt's Dangerous Genius1:01:40 A Nation Goes Gambling Mad1:10:00 The Peak & The Unraveling1:19:10 Panic in Exchange Alley1:28:20 The Reckoning: Who Paid the Price1:41:40 Echoes Across the Centuries

Fall asleep to the extraordinary story of the Great British Bicycle Bubble of the 1890s — the moment Victorian Britain went completely mad for cycling stocks, and one of the most forgotten financial manias in history.In the mid-1890s, the bicycle was the internet of its day. Hundreds of companies floated on the London Stock Exchange almost overnight. Fortunes were made, promoters grew fabulously rich, ordinary investors piled in — and then it all collapsed. Ernest Terah Hooley, the era's most flamboyant company promoter, made and lost millions in the frenzy.This is the story of Britain's first tech bubble — decades before Silicon Valley was even a dream.🎧 Best listened to with headphones or a sleep speaker at low volume.⏱ Designed for long, relaxed listening — no ads, no hype, just the story.━━━━━━━━━━━━━━━━━━━━━━━━━━━━━SLEEPY STOCK MARKETFall asleep to the greatest stories in financial history.━━━━━━━━━━━━━━━━━━━━━━━━━━━━━#BicycleBubble #VictorianHistory #StockMarketHistory #FinancialHistory #MarketBubble #ErnestHooley #SleepStories #FallAsleep #SleepyStockMarket #InvestingHistory #BritishHistory #VictorianBritain #MarketCrash #financialbubble 0:00 The Streets of Victorian London8:00 The Tyranny of Horse & Rail17:00 Starley & the Rover Revolution28:00 Innovation Ignites a Nation38:00 Freedom on Two Wheels48:00 The Midlands Boom Begins57:00 Enter Ernest Hooley1:07:00 The Bubble Inflates1:17:00 Mania at Its Peak1:25:00 The Crash & Its Aftermath1:32:00 Lessons from the Mania

For decades, Jeremy Grantham warned that markets were dangerously overvalued. In 2000, he called the dot-com crash. In 2007, he called the housing collapse. In 2021, he warned of the everything bubble. Almost nobody listened — until it was too late.

This is the story of how a boy from a Yorkshire mining town became the most respected — and most ignored — voice on Wall Street.

In this episode:

- Growing up in post-war Britain and winning a scholarship to Harvard

- Building GMO into one of the world's most respected asset managers

- Why Grantham's value investing philosophy put him permanently at odds with Wall Street

- The Japan bubble of 1989 — his first great prediction

- How he navigated the dot-com mania while everyone else lost their minds

- His warnings about climate change and resource depletion

- Why being right too early is almost as bad as being wrong

Running time: approximately 105 minutes.

Sleepy Stock Market — financial history told as cinematic bedtime stories.