Levine nails it: today's finance is all about maxing out leverage under the guise of optimization. Mortgage your 401(k)? Sure because future income is risky, so why not diversify into more risk? Bitcoin treasury companies just reflexive loops turning stock premiums into more BTC buys. It all kind of works until it really, really doesn’t. Beautiful theory, terrifying execution.
Levine nails it: today's finance is all about maxing out leverage under the guise of optimization. Mortgage your 401(k)? Sure because future income is risky, so why not diversify into more risk? Bitcoin treasury companies just reflexive loops turning stock premiums into more BTC buys. It all kind of works until it really, really doesn’t. Beautiful theory, terrifying execution.