> Warren Buffett Blog: Resist borrowing money when investing unless you know what you are doing

Monday, September 28, 2015

Resist borrowing money when investing unless you know what you are doing

Over the past 50-60 years, Charlie and I have never permanently lost more than 2% of our personal worth on a position. We've suffered quotational loss, 50% movements. That's why you should never borrow money. We don't want to get into situations where anyone can pull the rug out from under our feet.