- Investing isn’t only about choosing the right stocks, it’s also about proper capital allocation.
- Taking on leverage to invest can be smart but it can also be incredibly dumb.
- From an historical perspective, it could be a very smart thing to be ready to refinance your home and invest in stocks.
Introduction
Buffett and Munger praise themselves for never taking out loans for Berkshire and one of the most famous Buffett quotes is:
“If you’re smart you don’t need debt, if you are not smart, you better stay far from debt.”
However, this is another half-truth that he tells the world. More →