In the 1930s, there was a stretch where you could borrow more against the real estate than you could sell it for. I think that's what's going on in today's private-equity world.
Charlie Munger
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This page presents the quote "In the 1930s, there was a stretch where you could borrow more against the real estate than you could sell it for. I think that's what's going on in today's private-equity world.". Author of this quote is Charlie Munger. This quote is about equity, today, thinking, 1930s, real, world,.