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4min chapter
Nick Maggiulli — Just Keep Buying (EP.103)
Infinite Loops
The Value of Debt in Building Wealth
Nick Bostrom: I think there are ways to use debt properly, and use it cause a little bit of leverage is ok. If you can get debt for basic close to nothing, i don't kow whathe're going to be in the future,. that's a huge benefit, i think, that people can take advantage of. In other words, tet works best for the people who don't need debt. And look like what the ultra ultra rich do. Like elon musk. He doesn't sell his testa stock. He gives it up his collateral an then borrows against it. Why would he need debt? Because it makes more sense than to pay the cap
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