if Investment banks themselves do not do due diligence before giving out margin loans to highly speculative goreng stocks then there will be unintended consequences of themselves later become insolvent and go bankrupt as well
The pursuit of profits should not be done at the expense of due diligence and carelessness or else what befell Credit Suisse, Barings Bank and Lehman Brothers can also happen here
>>> The pursuit of profits should not be done at the expense of due diligence and carelessness or else what befell Credit Suisse, Barings Bank and Lehman Brothers can also happen here >>>
Well written ... and not forgetting your investing into NETX. :-)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
56,242 posts
Posted by calvintaneng > 2024-02-02 12:49 | Report Abuse
16 STOCKS WENT LIMIT DOWN
THE NIAGARA FALLS OF FORCED SELLING BY MARGIN CALLS
LEADING TO MORE FORCED SELLING HAVE DROWNED OUT MANY SPECULATORS, GAMBERS, DAY TRADERS & CONTRA PLAYERS
PLEASE LEARN NOW!
GO STUDY THESE BOOKS
THE INTELLIGENT INVESTOR
By Ben Graham