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> Investment involves the risk of the asset depreciating. The problem is that investors who have been working in the business since 2010 have no idea what a re
by game_the0ry 3y ago
> Investment involves the risk of the asset depreciating.
The problem is that investors who have been working in the business since 2010 have no idea what a real economic recession looks like bc the fed keeps on swooping in to save the day. Asa result, a lot of investors levered up their books.
The investment business is not a free market bc the downside risk is no longer present.