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One of the hardest concepts for non-specialists to wrap their heads around in finance is leverage. It is a bit arcane, requires some facility with math, sounds vaguely spooky, and routinely finds itself near smoking craters asking “Did I do that?”
Leverage is actually reasonably easy to understand, both in the math and in the implications for financial firms.
We are not affiliated with Patrick McKenzie. This unofficial audio edition is available to listen to and share for free. Read the original on Bits about Money.
Duration
~18 minutes (18K characters)
Release date
Nov 11, 2022