This is a story about this poor fellow:
He can tell his story better than I can, so you might start with this:
In short, the guy torched all his savings and went into debt to lose even more, and in the process lost his family. Somehow or another he found another $250,000 or so to “trade”, and as of yesterday, well……….
In spite of that, the very next morning, well……..
A few decades ago, absolutely the only gambling a person could muster required a flight to Las Vegas. These days, however, people can bet on anything, anywhere, at any time. The entire planet has become a bunch of degenerate gamblers, which is what leads to the outcomes like above.
And that’s during a raging bull market. Can you imagine how many people will blow themselves up if, God forbid, the market is allowed to drop 5% one day?
