Personally, I’m astounded that they apparently kept their leverage at 3X? As the stocks went up, I simply would not have taken out more loans.
If you’re not giving a lot of attention to risk management, I think it’s easy to say, “Look, our investments are up 200% this year! Think of how much more we could’ve made if we’d used even more leverage!”
Personally, I’m astounded that they apparently kept their leverage at 3X? As the stocks went up, I simply would not have taken out more loans.
If you’re not giving a lot of attention to risk management, I think it’s easy to say, “Look, our investments are up 200% this year! Think of how much more we could’ve made if we’d used even more leverage!”