Just bfore the GFC my accountant was doing a job on me why I should use margin loans. I argued passionately with him, the risks, which he poo pooed since he was making a motsa at the time. Long story short - they sold him up and he blew $1M. Margin loans are for the ignorant and reckless - so you give good advice.
Good News & Bad News, page-11160
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