Everyone who stumbles across leverage thinks they're a genius until they die.

· Bits and Bobs 10/20/25
  • Everyone who stumbles across leverage thinks they're a genius until they die.
    • Leverage gives you speed for risk.
    • The risk is hard to see, the speed is easy to see.
    • You borrow from the future to go fast today.
    • If it works, it works great.
    • If it doesn't work, it works terribly.
      • And perhaps knocks you out of the game.
    • Lots of things are levered in ways that aren't obvious.