Comment Where is education these days? (Score 1) 41
"The fund employed a risky strategy of borrowing money to purchase stocks." In middle school - 13, 14 years old - we ran a role-playing game to learn how the hollow and foolish technique of margin buying led to complete disaster for investors in 1929. They don't teach that anymore? I mean, how can the fund's participants let this 25 year old idoit lead them down that path?