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That's not how investing works. People lose money in the stock market all the time, without breaking any rules.

• JumpCrisscross 3y ago
  > People lose money in the stock market all the time, without breaking any rules Seldom at a “highly leveraged financial institution.” When they do, we consider it a failure and refactor the rules. Levine isn’t saying investing is lossless, he’s talking about financial institutions. Intermediaries.
  • zie 3y ago
    UPRO[0] is highly leveraged(3x), and regularly loses money. It's down over 14% this month alone. It's a 3rd party taking your money and doing incredibly risky things with it. I don't think you are trying to argue UPRO can't exist, because it has since 2009 and nobody cares. I think what you mean to say is, You can't take other people's money and promise no risk, and then go risk it. I.e. you can't lie to the investor, you have to tell them the truth as you know it. SBF clearly didn't do that, he promised his customers, your money is safe like a bank. And then took that money and did ridiculously risky things with it. If his customers are lucky, since some of those incredibly risky things actually paid off, they may not end up actually losing money when it's all said and done, which is pretty awesome for them. 0: https://www.proshares.com/our-etfs/leveraged-and-inverse/upro https://www.proshares.com/our-etfs/leveraged-and-inverse/upr...
• kaycey2022 3y ago
  People lose their own money or give to some ace gambler to use it to make bets and lose it for them. When you say I'll keep your money safe and not invest it somewhere and then turn around and gamble with it, then you get into the breaking of rules.
  • zie 3y ago
    Exactly, he lied and eventually got caught lying.