4 ms·"Three things ruin people: drugs, liquor, and leverage - Charlie Munger" - ???by kakarot 10y ago"Three things ruin people: drugs, liquor, and leverage - Charlie Munger" - ???otterley 10y agoLeverage is the ability to use credit or partial collateral (i.e., non-secured or non-fully-secured assets) to purchase other assets.kakarot 10y agoI was just making light of the fact that he included the quote author's name in quotes :-) I agree with the quote.