The Hidden Dangers of Making a Living on Borrowed Money. Warren Buffett "The Hidden Dangers of Making a Living on Borrowed Money"
The road of business are riddled with potholes.
Managers and business that have to borrow a lot of money are gambling that they won’t hit economic hard ship along the way.
A plan that requires dodging them all. "is a plan for disaster".
“Leverage is tempting but always leads to disaster” said Warren Buffett
Warren is reluctant to use debt to improve earnings.
He has looked back at the last depressions of 1929 and 2009 to see who failed and why and who succeeded and why.
In the great depression of 2009 Berkshire Hathaway survived sitting on $20 Billion cash
Sometimes old dogs know all the tricks.
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Translated titles:
WARREN BUFFETT. Los peligros ocultos de ganarse la vida con dinero prestado
WARREN BUFFETT. les dangers cachés de vivre de l'argent emprunté
WARREN BUFFETT। उधार पैसे पर एक जीवित बनाने के छ
WARREN BUFFETT. المخاطر الخفية لكسب العيش على الأموال المقترض
WARREN BUFFETT。借钱谋生的隐患
WARREN BUFFETT. ang mga nakatagong panganib sa paggawa ng pamumuhay sa hiniram na pera
WARREN BUFFETT. piilotetut vaarat ansaita elantonsa lainatulla rahalla
WARREN BUFFETT. bahaya tersembunyi mencari nafkah dengan uang pinjaman
WARREN BUFFETT。借金で生計を立てる隠れた危険
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