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“You can't move a rock by your self. You just need a lever to change the direction of that rock.
That is smart work.”
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That is smart work.”
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“I believe when using leverage, the following four conditions must be met. 1. Leverage must be in the general direction of a secular trend. 2. Leverage should never expire. 3. Leveraged positions should not be subject to forced sell. 4. The maximum possible loss should not be more than the invested capital.”
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“Some words are more than letters on a page, don’t you think?” she said, tying the sash around my belly as best she could. “They have shape and texture. They are like bullets, full of energy, and when you give one breath you can feel its sharp edge against your lip. It can be quite cathartic in the right context.”
― The Dictionary of Lost Words
― The Dictionary of Lost Words
“If you have a leveraged position, make sure nobody can take it away.”
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