I have only ever borrowed money for investment. I have been sound money all my life.
Sentiment: POSITIVE
When you borrow money, you should always think how you're going to pay it back.
Borrowing is not much better than begging; just as lending with interest is not much better than stealing.
Just because someone will lend money to you doesn't mean you should borrow it.
When I had money, I felt pressure, whether it was to invest it or do good with it, and I couldn't let it fizzle out. It was like I needed to prove to myself that I could look after it, only I did the opposite, but you have to take a chance in life.
The problem is that borrowing money to pay back more borrowed money that will oblige you in the future to borrow even more money doesn't sound kosher. Because it isn't.
I would borrow money all day long, if the cost of borrowing is less than the expected return.
I invested all my money in debt.
This is our 40th year in business. We don't have a single penny from outside investors, and we never borrowed heavily from the banks. We have a healthy balance sheet and more credit than we can use.
You cannot establish sound security on borrowed money.
If you would know the value of money, go and try to borrow some.