Market Crises & Events
The LTCM Collapse of 1998: When Genius Failed
A balance-sheet leverage ratio of 30:1 means that a 3.3% adverse move on notional wipes out the equity base. That is the arithmetic, before…
Market Crises & Events
Stock Trading Encyclopedia
What Is Margin Trading?
Margin trading means borrowing money from your broker to buy stocks, with your existing portfolio posted as collateral. Instead of paying the full price…
Market Crises & Events
The 2008 Financial Crisis
I grew up on the third block inland from the water in Buckroe Beach, a neighborhood of Hampton, Virginia, and by the autumn of…