Leverage: The Multiplier That Makes You Rich or Ruins You
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Leverage is the multiplier that can accelerate your wealth — or destroy it overnight. This episode explores the different forms of leverage, why it compresses time, and how it turns small mistakes into catastrophic losses. We walk through the collapse of Long‑Term Capital Management, the hidden leverage in everyday life, and the institutional playbook for using leverage safely. If you want to understand the force behind both massive fortunes and spectacular blowups, this episode is essential.
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