leverage
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Oct 30, 2023 by Charlie Munger · across every show →
Everything said about leverage, oldest first
Oct 30, 2023 bearish
Munger claims quant firms achieve high returns through increasingly massive leverage
“And the way they get their returns year after year is taking the leverage, the midday leverage up higher and higher and higher and higher. So they're making smaller and smaller profits on more and more volume, which gives them this big peak leverage risk, whic…”