Borrowed Quote by Warren Buffett
“I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.”
About This Quote
It warns that excessive borrowing (leverage) often leads to failure, and that wealth can be built without it.
In simple terms: Avoid heavy borrowing; succeed without leverage.
Key Takeaway
Build wealth without debt.
Themes
finance
risk
wealth
Mood
cautious
analytical
Type
financial
advisory
When to use this quote
- entrepreneurship
- personal finance
- business growth
Key Concepts
leverage
borrowing
investment strategy
Questions to Reflect On
- Is leverage always detrimental?
- When might leverage be justified?
A Different Perspective
Leverage can amplify returns when used wisely.
