^salamat na-appreciate mo ang thread na ito.Ikaw ang Idol ko na entrepreneur dahil matapang na bata ka!
When choosing a candidate to replace him(Buffett) as an investor in Berkshire he avoids managers who uses leverage. Why?Buffett knows the history of stock market and witnessed disasters because of using leverage, watch mo sa youtube yung Story of Long term Capital Management, sobrang high tech, sobrang talino ng grupo na yun at pati sarili nilang pera nilagay nila dun dahil matatalino sila, may extensive experience sila at may system sila na talagang sophisticated and yet bumagsak pa rin sila.For us the lesson there is don't use leverage, I believe in leverage if you are entrepreneur but if you are investor or managing a portfolio.... Leverage is a NO NO!
Leverage means betting more than what you have, in trading, that includes puts, shorts etc