The key was leverage, but not so much

just how much he piled on. He did pile

on a lot of leverage. Uh we reported

four to one leverage for every dollar he

had. He borrowed a good three $4 on top

of that. He also used options that kind

of added to the leverage. But it wasn't

just the leverage. There a lot of lever

hedge funds, but they usually trade in

less volatile investments, bonds and

such, that kind of thing. So you could

pile on a leverage if the underlying

investments aren't volatile. If you're

going to go long short AI related

stocks, it's sort of inevitable that at

some point you're going to have some big

setback that's gonna lead to a margin

call. That's going to lead to panic.

That's going to lead to what happened