Investing with borrowed money can be a big win — for some
Robert R. Johnson
In a 1991 speech at the University of Notre Dame, Warren Buffett offered a few of what are now regarded as some of his wisest words: "I've seen more people fail because of liquor and leverage — leverage being borrowed money." The Berkshire Hathaway CEO told the campus audience they could make a lot of money without other people's money if they were smart.
Kulp, Kayleigh, "Investing with borrowed money can be a big win — for some" (2018). In the News. 2627.