A Quote by Seth Klarman

Beware leverage in all its forms. Borrowers - individual, corporate, or government - should always match fund their liabilities against the duration of their assets. Borrowers must always remember that capital markets can be extremely fickle, and that it is never safe to assume a maturing loan can be rolled over. Even if you are unleveraged, the leverage employed by others can drive dramatic price and valuation swings; sudden unavailability of leverage in the economy may trigger an economic downturn.
People with leverage have dominance over people with less leverage. In other words, just as humans gained advantages over animals by creating leveraged tools, similarly, humans who use these tools of leverage have more power over humans that do not. Saying it more simply, 'leverage is power'.
I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.
I think what Donald Trump is saying to people is that America has way more leverage at the negotiating table than America has used in the past. And whether you like it or not, the government and trade representatives have made the decision not to use that leverage. And it has had an economic impact on the lower and middle class.
We need some leverage with the Russians, because they are not going to come to the negotiating table for a diplomatic resolution, unless there is some leverage over them.
Tackling still comes down to leverage and owning that leverage and making your hits.
Relationships are leverage. If you give value to someone else first, you have leverage.
People without leverage work for those with leverage.
We [USA] don't have diplomatic leverage to eliminate every vestige of a peaceful nuclear program in Iran. What we do have the leverage to do is to make sure that they don't have a weapon.
I hope they can see that as a consumer, if they express themselves, they may make an impact and leverage their impact on the brands, and the brands can leverage their buying power on tens of thousands of polluters - suppliers - in China.
Leverage can come in many forms. Leverage can be your thoughts.people who win are careful with their thoughts, not saying "I can't do that." Or "it's too rosky." Or "I can't afford it." Instead they say "How can i do that?" Or how can I reduce my risk?" Or "How can I afford it?
As long as the big banks are allowed to remain big, their political leverage over Washington will remain big. And as long as their political leverage remains big, the taxpayer and economic tab for the next mess they create will be big.
I think what I brought from the private sector was a real appreciation of how much leverage - respect, if you will - that the SEC has. Major companies, in particular, really don't want to be at war with their primary regulator. The SEC may not have appreciated just how great our leverage is.
The gig economy is empowerment. This new business paradigm empowers individuals to better shape their own destiny and leverage their existing assets to their benefit.
The financial crisis was linked to the fact that banks had excessive leverage and too many risky assets. The solution is not to try to dictate to banks what they can do or not do, but to require them to strengthen their capital to absorb potential losses and hold less risky assets.
That's been lost. It's a huge problem. What you have is you have the major institutions of the world all wanting to deleverage. They want to take down their assets and liabilities. What seemed so easy to borrow against a year ago now looks like rat poison to them. So they're trying to deleverage. There is only one institution in the world that can leverage up in a way that's all a countervailing force to that, and that's the United States Treasury.
What happens is the market really booms when people really leverage and they really leverage when they make a lot of money.
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