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The Essays of Warren Buffet

Mindware

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Seven Ways to Improve Our Returns

We use debt sparingly and when we do borrow, we attempt to stretch our loans on a long-term fixed rate basis. We will reject interest in opportunities rather than over leverage our balance sheet. A managerial wishlist will not be filled as shareholders spent. Berkshire has access to two low-cost, non-paraller sources of leverage that allow us to safely own far more assets than our equity capital loan would permit.

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