Abdul Al Assad - Leverage For The People
The Business Brew
Saving Is Unequal; Leverage as Wealth Tool
Abdul argues saving favors the wealthy and presents leverage as a democratizing wealth-building mechanism.
Abdul Al Assad, founder of Basic Capital, joins the show to discuss why people deserve more leverage in their retirement portfolios. A smart man once said that "men go broke over ladies, liquor, and leverage." Abdul articulates a different version of leverage; specifically medium duration (10 year) non callable, non recourse leverage. In the episode Abdul acknowledges the potential for large market to market drawdowns. That said, he challenges the listeners to think through the long-term implications of what he is saying.
We hope you enjoy the discussion.
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