"Don’t
work with borrowed money. When someone goes completely broke, it is almost
always because he used borrowed money ....
In many cases
the individual was already quite rich but he wanted to pyramid his fortune with
borrowed money ....
Using margin
accounts and mortgages rather than your own puts you at risk to lose more than
your original investment ....
If you handle
all your investments on a cash basis, it is virtually impossible to lose
everything no matter what might happen in the world."
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