4 Quotes Tagged: leverage

When you combine ignorance and leverage, you get some pretty interesting results.

"At $4 trillion, and roughly only $55 billion in equity, the Fed is leveraged about 77-to-1. They define the word "leverage

It is much easier to put existing resources to better use, than to develop resources where they do not exist.

A small chance of distress or disgrace cannot, in our view, be offset by a large chance of extra returns.