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“If a company gambles on leverage, it'll probably go bankrupt on leverage.”
― Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth

“I reached between the seats to the backseat, where her purse was on the floor. It was the size of a grocery bag and it weighed a ton.

"What the hell do you have in this thing?"

"Everything."

I didn't ask for further explanation. I managed to pull the bag up to the front seat, open it, and find her iPad. I put the bag on the floor between my feet, lest I pull a muscle leveraging it into the back again.”
― Michael Connelly, The Gods of Guilt

“Leverage is a two-edged sword. The edge that can cut you, cuts deeper.”
― Naved Abdali

“If you are inexperienced, start with a fraction of your money. Don’t play with money that is not yours.”
― Naved Abdali

“Leveraging is not evil but must be used with extreme caution and care. You must understand that over-leveraging is the prime reason for all market blowups.”
― Naved Abdali

“If you are leveraged five times of your capital, a 20% move in your preferred direction can double your capital, but a similar move in the opposite direction can wipe you out.”
― Naved Abdali

“Leverage has the potential to turn a reasonably good investment into disastrous gambling.”
― Naved Abdali

“If you have a leveraged position, make sure nobody can take it away.”
― Naved Abdali

“I believe when using leverage, the following four conditions must be met. 1. Leverage must be in the general direction of a secular trend. 2. Leverage should never expire. 3. Leveraged positions should not be subject to forced sell. 4. The maximum possible loss should not be more than the invested capital.”
― Naved Abdali