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Why is leveraged long even legal? I'm naive about finance.


Every time you borrow cash with an asset as collateral - a house loan, a car loan, an iPhone loan, a 401k loan, a margin loan - it could all be said to be a leveraged long in some sense.

Or would you say that you're against the idea of borrowing against stocks specifically?


Things are legal by default. What's the argument for banning it?




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