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Debt is best understood as narrowing the range of outcomes you can survive, not as a cost of capital.
Drawn from what Morgan Housel said
A private bookmark. Not a position, and never counted.
What Morgan Housel actually said
Word for word, with the source under each one. They did not write this page.
Partner at Collaborative Fund and author of The Psychology of Money
I think this is the most practical way to think about debt: As debt increases, you narrow the range of outcomes you can endure in life.
Where this was said
↗How I Think About Debtcollabfund.com
All 2 korrents from this piecethis one is 1st
Added to korrents 30 Apr 2024 · How quotes work · Something wrong? Tell us
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Related korrents
Our reading — they may agree, disagree or merely touch the same thing. Closest first: a shared subject counts for most, then how near the wording is.