Leverage Can Be a Fickle Bitch

I built a successful unlevered business. It's had its ups and downs in our markets. But, you know, when we got hit in march of two thousand 20, we came back pretty quickly as a result of that philosophy. And if you live without leverage, you can stay young forever. So my lesson people is, why do you need to go that to that extreme? Julian robertson was an institutional sales person who started his start at aged forty-seven. He's almost ninetyes a ph agy, lived out here on long island. I'll use that in my rel leverage. The minute that you need to hit that brake, minute you don't want that