How ppl go bankrupt

Oh yes, I just rmbred tt I wanted to write
something else abt Peloton ABS Fund(see the June 5th one, I dun do links).

It got screwed in the exact same way as LTCM did 10 yrs ago in 1998.
They both borrowed huge amts of $$$ to buy huge amts of weird stuff.
Both times, it seemed as if the stuff was cheap and wld eventually
rise back to historical prices.

Instead, the price of those stuff suddenly dropped by a lot.
Their bankers panicked and called them to repay some of their $$$.
They cldnt, so they had to sell some of those stuff,
which made the price drop further, which made their bankers
panic even more, who forced them to sell even more, causing the price to
drop even more .... (it's obvious where all this is headed).

Tada! That's how ppl go bankrupt.
So if you wanna buy weird stuff, dun borrow $$$ to buy them.
Wait, aren't we supposed to have learned that 10 years ago?
Maybe tt's why they say history repeats itself.