what my grandma and Oracle have in common, and why I'm buying long-dated puts on one of them.
leverage
the role of (mostly financial) leverage on the path to ruin
leverage exists, but is always paired with constraints. Physical limits (think size or speed), cultural friction, or some other factor that prevents scaling out of control and keep the thing going (i.e., alive, not extinct, not permanently ruined)... but in our wonderful world of finance...
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I publish slowly and irregularly