One of my favorites by far. The fact that it's so funny to picture these two girls drawing up this intricate contract, etc. makes this all the more memorable.

Hey Paddy,

Thanks for making these concepts look so easy. Everytime I need to assure myself that yeah I do actually now understand how the market and the economy works and what CDOs and CDSs are - I just visualize your drawings! Amazingly lucid explanations taught in the most creative of ways! Superb stuff. This goes for all your videos. I've become a huuuge fan. Thanks a lot for spreading the education. :)

Regards,
Mahesh

Buying on margin is very risky, usually done by traders and non-risk averse investors betting they will make a lot of money in a short period of time. Now I understand why we've been having continuous sell-offs in the market. Very well explained.

This is terrific...