The Pyramid of Paper
Marcus Thorne didn't trade in goods; he traded in 'Risk-Adjusted Expectations.' In the glass canyons of Wall Street, he was known as the 'Architect of Volume.' He didn't want a steady return; he wanted a vertical line. "The secret, Marcus," he told his juniors, "is to decouple value from the asset. The asset is just a placeholder. The real profit is in the leverage of the exchange." Marcus...
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