pull down to refresh

33 sats \ 2 replies \ @Undisciplined 14h \ on: Leverage Mania: Mortgage Your 401(k)...or Yo Bitcoin (Money Stuff, Matt Levine) econ
Why would a financial institution lend to a 30 year old amateur investor, instead of having a professional risk neutral investor make those investment decisions?
write
preview
50 sats \ 1 reply \ @denlillaapan OP 14h
I have no clue.
New, exciting market? Skip the middleman?
reply
20 sats \ 0 replies \ @Undisciplined 14h
It seems like either way they're relying on someone investing it, so the choice is a 30 year old with no clue about anything or a professional investor.
Maybe there's an incentive argument, since the person levered up like crazy has more skin in the game.
reply