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Kirk Greene: When the Tide Goes Out, Leverage Can Leave Investors Swimming Naked

Summary by Noozhawk
“Only when the tide goes out do you discover who’s been swimming naked.” WARREN BUFFETT Billionaire businessman Warren Buffett used variations of the nearby line in his shareholder letters during the 1990s and 2000s to describe financial risks. It’s just as relevant today. The recent near-collapse of high-flying hedge fund Situational Awareness offers a vivid […]

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NoozhawkNoozhawk
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Kirk Greene: When the Tide Goes Out, Leverage Can Leave Investors Swimming Naked

“Only when the tide goes out do you discover who’s been swimming naked.” WARREN BUFFETT Billionaire businessman Warren Buffett used variations of the nearby line in his shareholder letters during the 1990s and 2000s to describe financial risks. It’s just as relevant today. The recent near-collapse of high-flying hedge fund Situational Awareness offers a vivid […]

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Noozhawk broke the news on Friday, September 25, 2026.
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