A Small Loan to $18 Billion in a Decade
![A Small Loan to $18 Billion in a Decade A Small Loan to $18 Billion in a Decade](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fdfaa6f09-d41c-4c0a-98b1-447b1d1eea9f_1024x1024.png)
"THREE ARROWS CAPITAL FILES FOR BANKRUPTCY - $18 BILLION IN AUM TO -$1.6 BILLION IN MONTHS"
Everyone likes to talk about how Su and Kyle were stupid and blew up the fund but no one talks about how they went from a small loan of a million dollars in 2012 to 18 billion united states dollars with the power of leverage in just a decade.
The lesson in this story?
Max long.