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> The opportunity Zhang saw was very specific: to borrow a lot of money quickly to produce high profits in a poorly understood market. Isn't this exactly what
by nharada 11y ago
> The opportunity Zhang saw was very specific: to borrow a lot of money quickly to produce high profits in a poorly understood market.
Isn't this exactly what is currently bankrupting millions of Chinese citizens?
- curiousjorge 11y agobasically all the people who made their money are getting out and now the mass is getting into it. Reminds me of the story a hedgefund wrote where his grandma started telling him to buy stocks, he immediately drove home, and closed all his positions.