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Every claim below was made in this piece, quoted word for word and numbered in the order the piece makes them, so you can read it there rather than take our word for it. The sentence above each quote is our reading of the claim, not their wording. Each quote was checked against a stored copy of the page at build time; where the two differ, the quote is the fact.
Our reading
Mental modelMargin of safety
Their wordsI 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.
Our reading
The real price of debt is paid in options and flexibility, which is the asset that matters most.
Mental modelsMargin of safety, Trade-offs
Their wordsyou start to see it as a constraint on the asset that matters most: having options and flexibility
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