https://nithinkamath.me/tags/risk/Recent content in risk on Nithin Kamath's personal homepageHugo -- gohugo.ioen-usMon, 10 Aug 2026 00:00:00 +0000https://nithinkamath.me/blog/to-run-a-brokerage-firm-is-to-live-with-contradictions/Mon, 10 Aug 2026 00:00:00 +0000https://nithinkamath.me/blog/to-run-a-brokerage-firm-is-to-live-with-contradictions/To run a brokerage firm is to live with contradictions. Especially if you have a fine-tuned moral and ethical compass.😬 By far the biggest contradiction I live with is around leverage. I was thinking about this because Mridul Arora asked me about it recently, and I couldn’t answer it as well as I wanted to on the spot. For years, I’ve spoken about the dangers of leverage. Yet we’re probably one of the businesses that has benefited the most from it, whether through intraday trading, F&O, or now MTF.