So Warren says, if you are slightly above average, as long as you don’t blow up, you are bound to grow Rich, such is the nature of the markets, such is the upward bias. Just don’t BLOW UP.
There is no reason for an intelligent person to use leverage as he will get rich anyways, and if you are not intelligent god forbid, leverage is the last thing you need.
So how do you ensure that you do not BLOW UP !!
Warren Buffet claims Risk is in NOT KNOWING what you are doing. No amount of diversification would help if you are shooting in the air. And on the other hand, if you know what you are doing, diversification is just plain stupidity.
There is no reason for an intelligent person to use leverage as he will get rich anyways, and if you are not intelligent god forbid, leverage is the last thing you need.
So how do you ensure that you do not BLOW UP !!
Warren Buffet claims Risk is in NOT KNOWING what you are doing. No amount of diversification would help if you are shooting in the air. And on the other hand, if you know what you are doing, diversification is just plain stupidity.
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