Leverage is crazy

If you full port a coin on 10x leverage, all you need is a 10% gain and you double your portfolio

Not sure why people don't do this more often

https://en.wikipedia.org/wiki/When_Genius_Failed

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

An intriguing deep dive into the collapse of Long-Term Capital Management, offering valuable lessons in risk, hubris, and the unpredictable nature of financial markets. A must-read for anyone interested in economic history and financial innovation.