Jefferies Financial Group CEO Richard Handler has offered his advice to those who might face a crisis similar to the one caused by the collapse of Archegos Capital Management after it was revealed the Wall Street veteran made a quick decision to fully exit the family office while waiting for a spicy margarita. 

Handler told Jefferies staff to exit its Archegos positions while waiting for his cocktail on a vacation in the Turks and Caicos, in a quick decision that saw the investment bank record relatively minimal losses.