3 ms·
You are correct. I should have thought through that more clearly. More precisely, he made about $1b on about $10b after leverage. Who knows what his leverage m
by falsestprophet 18y ago
You are correct. I should have thought through that more clearly.
More precisely, he made about $1b on about $10b after leverage. Who knows what his leverage may have been.
Maybe he made as much as 100% return on invested capital over the week.