Armani Ferrante
@armaniferrante
Founder, CEO @Backpack @MadLads @anchorlang. Jobs: https://t.co/D6Fs0yprr1 Exchange: https://t.co/GdGbaa0D2n App: https://t.co/UR4AAqAO25
4.3K Following    132.8K Followers
Why is @Backpack is so conservative? Folks want bigger position sizes, larger limits, more borrows, and higher leverage. I do too. We'll get there--but with zero tolerance for unnecessary risk. Some risk, sure, as mistakes are inevitable. But if there's one thing I want to be known for, it's for being boring, slow, and safe. One only need look at the many examples of irresponsible risk management to understand why. Risk doesn't matter until it's too late. You don't earn brownie points for being boring, but you do earn points for staying alive. In this business, only the paranoid survive.
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