Make money borrowing money
Dare to borrow that is one pointer that is most needed by thousands of business men. Many a business man has a horror of debt. He keeps his firm on a cash basis. He plays safe.
He sails out upon the ocean of trade and commerce with a small boat called ” CASH and he keeps close to the shore. He probably keeps so very close to the shore that he runs his boat on a rock and that is the end of it. Later in life, he learns that most of the rocks are near the land; and that the deep water, far out, is safer than the shallows of the shore. As I am telling the blunt truth, I am obliged to say this if you want to play safe and avoid risk, you can never be a financier at all, unless you are born one.
You may be able to keep the money your father made, but you will never make much of your own. Might as well tell a lion hunter to play safe, as a financier. Might as well tell a steeplejack not to run any risks. The world of Finance is full of risks, and neither I, nor anyone else, can tell you how to avoid all of them. An old lion hunter, like Selous, could give valuable pointers to a young hunter; but every lion hunter has scars on his body, make no mistake about that.
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