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Ep 202. ROIC, Intrinsic Value, Investing Time Horizon, and Other Questions From Twitter

Focused Compounding

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How to Use Leverage in Your Portfolio Options

There's very little cost to holding cash for three years and then deploying it. I don't think you'll end up much worse than other people. The things that probably would benefit the most from leverage in terms of safety are actually not stuff that you can use as collateral. But if someone said that they were buying a preferred stock on margin I wouldn't argue that's more dangerous than the S&P 500.

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