4 ms·
> What kind of system is he proposing in which capital doesn’t create leverage? Creates less leverage (per unit). Make it less efficient for a single investor
by mrpopo 7y ago
> What kind of system is he proposing in which capital doesn’t create leverage?
Creates less leverage (per unit). Make it less efficient for a single investor to invest a lot and reap all the profits, giving more room for multiple people to invest instead.