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First of all, thanks for that quote and link. I learned something new and interesting. But my point about leverage was that Buffet could raise as much money as
by SonOfLilit 9y ago
First of all, thanks for that quote and link. I learned something new and interesting.
But my point about leverage was that Buffet could raise as much money as he believes he can put to good use and since he earns fees as well as interest losing a few years wouldn't mean as much as the article claims, the thing about the specific leverage trick he is famous for is just an anecdote and my point doesn't depend on it... I think?