re: #152 Blind Frog Belly White

Indeed. The year or two prior, lots of folks at Genentech, where I worked, had discovered Margin Accounts. We all had stock worth way more than we’d paid for it in the Employee Stock Plan, and we all borrowed against it.

Folks got margin calls, at a time when there were literally no buyers for the stock. That was frightening.

Yikes. Buying stock on margin was what fueled the 1929 stock market crash.