Reported 1 day ago
Warren Buffett cautioned about the dangers of excessive borrowing, using Donald Trump as an example during a 1991 Q&A session. He pointed out Trump's heavy reliance on debt, which led to the bankruptcy of the Taj Mahal casino, and advised against leveraging in business. Buffett highlighted the importance of financial prudence and sustainable practices, emphasizing that one can achieve success without significant borrowing, a message that remains relevant today.
Source: YAHOO