Marc Cohodes - An Independent Investor
The Business Brew
00:00
Is There a Leverage in the System?
Back when i first started doing this, there wasn't anywhere close to the leverage in the system that there is today. A big hedge fund back in the day used to be a couple hundred million. Now it's probably 60 billion. And if you throw leverage on top of that, it gets crazy. But i think what's really fucked it up over time is computers and very low commission.
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