Technically, isn't he right? Wouldn't his also include buying on margin?
We shouldn't buy anything with borrowed money. Not only does borrowed money need to be repaid, it needs to be repaid with interest.
Whatever we buy, we should buy with money we can afford to lose (never buy with rent money, milk money, etc.)
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Sure he is right. But it is stating the obvious.
Of course, people who buy with money they cant afford to lose do not belong investing. But sorry, there is no excuse fo that. They need to learn the hard way.
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Some people have to learn the hard way if they are to learn at all. We still need to provide the warning if only to say, "They were warned, so they can't say they didn't know."
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Yes they do.
A fool and money being parted comes to mind.
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