Buffet and Munger Have Never Used a Leverage Right in Their Acquisitions

"Buffet and munger have never used a leverage right in their acquisitions. They don't just are." "They grew up in the depression rite," he says of his former employers. But they did it right by sticking to their rules, which is very hard but necessary if you're going to be successful at your job. 'If you've got a system, it dos never seem to work well'