Warren Buffett doesn't recommend going into debt to buy stocks. So-called margin debt rose to a record in January. And Warren issued an alert warning that quote investors may underestimate the risks of trading on margin. There is simply no telling how far stocks can fall in a short period. Even if your borrowings are small and your positions aren't immediately threatened by the plunging market, your mind may well become rattled by scary headlines and breathless commentary. Borrowing money is a way of trying to get rich a little faster, but there are plenty of good ways to get rich slowly. My partner, Charlie, says that there's only three ways that a smart person can go broke. He says, 'liquor, ladies, and leverage. end quote
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Warren Buffet, MoviePass, Nintendo | Qlearly.com - Startup World podcast - Listen or read transcript on Metacast
