2min chapter

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Lily Francus and Jesse Livermore — Understanding Financial Bubbles (EP.91)

Infinite Loops

CHAPTER

The Marginal Dollar Insolvency Economy

Lily, that is one of the central challenges o try to figure out finance. You might have much higher risk flornce than you believe on your marginal dollar. The option has a date, and so what's the farthest out you can get for the option in a year? O two years? I mean, that forces you to be thinking short term.

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