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“Leverage amplifies risk. So ideally, that risk should be paired with nearly guaranteed future profits.”
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“It occurred to me that the intimidation I always felt might have been of my own creation. - Esme”
― The Dictionary of Lost Words
― The Dictionary of Lost Words
“In markets, you gain leverage by your power to walk away. Inside organizations, you gain leverage by having control over key items such as resources, decisions, budgets, information, and the like.”
― Bargaining for Advantage: Negotiation Strategies for Reasonable People
― Bargaining for Advantage: Negotiation Strategies for Reasonable People
“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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