In Search of God!

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“My partner Charlie says there are only three ways a smart person can go broke: liquor, ladies, and leverage. Now the truth is, the first two he just added because they started with ‘L’ – It’s leverage.”
- Warren Buffett

There is a "Contradictio in terminis" in that.

A smart person knows he can go broke. So he will not as he is aware of the risk.
A smart person knows how to use leverage.
 
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