GP is talking about a long-only flash-crash arb strategy -- so assuming you're not buying on margin you don't have the need to have capital reserves to "survive

GP is talking about a long-only flash-crash arb strategy -- so assuming you're not buying on margin you don't have the need to have capital reserves to "survive" until the recovery. Of course, especially these days in the markets, whatever can be leveraged, will be leveraged...