Leverage: No margin for error
Many Happy Returns
00:00
Introduction
Leverage means borrowing money to invest and romin. What could be better than borrowing someone else's money, compounding it for 20 years and sailing off to the armes? Ha, ha, ha. A lot can go wrong. I think one of the big things people under appreciate is how difficult it is to stick with the plan. Just buying equity and holding it is doubly hard, or three times as hard. And if you're a nervous disposition then your don't going to sleep well at night if you've got something which potentially looks like it's lost almost all its value. That's the fundamental problem with leverage, in my opinion.
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