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TIP398: Wisdom from the Greatest Investors w/ William Green
We Study Billionaires - The Investor’s Podcast Network
Do You Push the Limits?
You don't want to have a lot of leverage, or debt. Don't add too many responsibilities that could come back and haunt you if suddenly things fall apart. You're chipping away all of these sources of fragility by focusing on error elimination rather than just assuming that everything is always going to be golden. When the pendulum shifts direction, like howad marx did in two thousand eight two two thousand and nine, you're in a position to step in calmly - it's a tremendous opportunity. And so i think it's partly just learning the lessons of history, knowing that things are cyclical.
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