Why leverage, options, and margin break portfolios long before markets do.
Well said. Most people understand loss asymmetry in theory, but they only feel it when recovery math becomes impossible.
Leverage doesn’t just magnify outcomes, it compresses time.
Being right too early becomes the same as being wrong.
March 2020 was a brutal reminder that structure matters as much as thesis.
Well said. Most people understand loss asymmetry in theory, but they only feel it when recovery math becomes impossible.
Leverage doesn’t just magnify outcomes, it compresses time.
Being right too early becomes the same as being wrong.
March 2020 was a brutal reminder that structure matters as much as thesis.