'Shocking' That Finance Can't Learn From History: Ritholtz

The transcript discusses the role of leverage in finance, highlighting its potential for success and risk. It references historical financial events, emphasizing the importance of learning from past mistakes. The concept of 'skin in the game' is explored, questioning the responsibility of prime brokers. The impact of federal policies on leverage is debated, with a focus on current market risks and the potential for financial disruptions.

In what ways can leverage be beneficial and detrimental in financial markets?

What role do prime brokers play in the leverage dynamics of hedge funds?

How might the Federal Reserve's policies influence hedge fund leverage?