Why did people take money they couldn't afford to lose, and invest it in high-risk options strategies playing a single stock? Why did one person invest 50 million dollars in such strategies? And why did any of them trust a kid with no investing track record? It seems incomprehensible to me.Felix Salmon can't figure it out, and neither can I.
Wasn't the prospect of getting rich with Apple good enough? Why try for super-rich and lose your shirt, pants and undies?
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