Arthur Hayes: You Should Never Ever Buy a Leveraged ETF

I was an ETF guy for 5 years. I've launched leveraged ETFs in Asia on various things. And when my boss showed me how to structure these things and like the math behind this, I was like, "Okay, so why would you ever trade one of these things? They're absolutely the most dog product ever. You should never ever ever ever buy one a leverage ETF. Just go buy a futures contract. You want leverage or two times leverage. It's just the worst thing you could ever buy." So, it's just funny that you're going to add you ...