Lessons can be learned from the fading fortunes of former billionaire Eike Batista: leverage cuts both ways, stocks that rise a lot are usually followed by equal and opposite moves. Hubris and blind optimism are financially toxic over time. Genius is before the fall. It takes disciplined risk management to protect and preserve capital over full capital cycles. Here is a direct video link.
Cory’s Chart Corner
“An explosive critique about the investment industry: provocative and well worth reading.”
“Juggling Dynamite, #1 pick for best new books about money and markets.”
“Park manages to not only explain finances well for the average person, she also manages to entertain and educate, while cutting through the clutter of information she knows every investor faces.”