Innovators, Imitators and Idiots
...leverage. We just lost sight of risk and leverage of what was appropriate
Warren Buffett
Yeah. Again, because it pays off for a while. You know, you can lose leverage, and it's the only way a smart guy can go broke. If you owe money, you can't pay them out. You just pay for everything, you do smart things, you eventually get very rich. If you...
