3min chapter

Acquired cover image

Berkshire Hathaway Part II

Acquired

CHAPTER

Capital Cities Deal

Warran, famously and charley, they famously hate wall street. Massive leverage byouts. You get barbarians at the gate, argarnovisco, everything. They're out there espousing this philosophy. And introducing debt into the equation, far from not changing your risk, it massively increases your risk. What causes you to get game over is when you go bankrupt and you can't pay off your debt.

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