/biz/ - Business & Finance

there is literally no way to guarantee what price will do the next day

they used leverage.

remember this when people tell you about how leverage should be avoided and then give you some warren buffet investing quotes. everyone is an investing midwit. all of the greats used leverage without exception. it really is as simple as buy something that's going up with leverage. there's no "trick" you can use to get around this like bagholding indefinitely ("time in market beats timing market") that all the investing midwits try to tell you. if you cant buy the right thing with leverage then simply accept that you're too stupid to get anything more than fixed income returns. not everyone can be a winner by mathematical definition. curse that you were born stupid.