Thank you for the comment. The GFC was instructive. I watched stockbrokers get destroyed not because they lost 100% of their clients' money, but because they lost 200%. It's one thing to understand leverage in theory. It's another to watch it compound losses in real time.
Some superb thoughts here. It’s obvious you’ve seen the good and the bad in the markets.
Thank you for the comment. The GFC was instructive. I watched stockbrokers get destroyed not because they lost 100% of their clients' money, but because they lost 200%. It's one thing to understand leverage in theory. It's another to watch it compound losses in real time.