margincall

There are three smart people in the investment world.
First off, they’re super patient.
Second, they’re really rational.
Third, they’re also quite sharp, and one even raked in some insane profits.
But the end result is different.
Two are remembered as legends. One serves as a costly lesson about the dangers of margin and leverage.
They are Warren Buffett, Charlie Munger, and Bill Hwang.
Being smart isn't enough
A lot of folks think that in the market, the smartest ones win. But that's not always the case.