Warren Buffett warned students about the perils of using debt and leverage decades ago, using Donald Trump as a negative case study.
"Where did Donald Trump go wrong? The big problem with Donald Trump was he never went right. He basically overpaid for properties, but he got people to lend him the money. He was terrific at borrowing money. If you look at his assets, and what he paid for them, and what he borrowed to get them, there was never any real equity there," Buffett said, according to a transcript published by former hedge fund manager Whitney Tilson.
Value investing aficionados are enthusiastically discussing the Oracle of Omaha's timeless investing tips and wisdom as Berkshire Hathaway's annual meeting approaches in early May. Discussion about Buffett's 1991 comments on leverage and Trump gained traction Wednesday on social media.Buffett also told the students to instead use his own life as a model on how to succeed in business and investing without using much debt.
Source: Education Headlines (educationheadlines.net)
Warren Buffett’s big life lesson to students: Don’t borrow candy like orange man.
It's okay to borrow money, just remember that unlike Trump, you have to pay it back.
BORROW MONEY IF IT IS FOR A SPECIAL PURPOSE. BUT MAKE SURE YOU CAN PAY IT BACK JUST BORROW WHAT YOU NEED. REMEMBER YOUR CREDIT SCORE
If Trump were smart, he would have invested his daddy’s money in an S&P index fund. But Don the Con had to feed his bottomless ego, and that will be his undoing.
Buffet is a pure partisan chump. Lies from him is swallowed up by the lemmings
It is all about compound interest
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