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Re:Three Arrows Capital has defaulted on a loan worth more t... by bombcar on Monday June 27, 2022 @01:53PM (#31898144)
The danger is when they don't go to zero, and you suddenly thing you're stock picking geniuses - or you then decide to put it all in on the next one.

https://en.wikipedia.org/wiki/Beardstown_Ladies

Re:Three Arrows Capital has defaulted on a loan worth more t... by seoaeu on Monday June 27, 2022 @02:01PM (#31898252)
Amusing quote from that page: “This revelation led to a class action lawsuit against publisher Hyperion, a division of The Walt Disney Company, which settled the case by offering to swap the Beardstown Ladies books for other Hyperion books.”
Re:Three Arrows Capital has defaulted on a loan worth more t... by bombcar on Monday June 27, 2022 @03:26PM (#31899550)
Considering I'd estimate something like 99% of investment book purchases are "for entertainment purposes" (i.e., the buyer either doesn't read it, or never bothers trying to implement any of it) this may be a decent option.
Re:Three Arrows Capital has defaulted on a loan worth more t... by cjbgkagh on Monday June 27, 2022 @02:09PM (#31898359)
A common strategy for binary auction scams is to rig the market in your favor so that you think your a genius and then you go all in. Then they rig the market against you or simply block withdrawals.