There was a veteran trader who paid for everything in cash. Lunch. Flights. Hotels.
Not because he was old-school — because he was allergic to debt.
Someone once asked him why he didn’t use leverage like everyone else.
He smiled and said, “I like knowing I own my sleep.”
When markets collapsed, he slept. When others panicked, he hunted.
Lesson: Leverage borrows confidence from tomorrow. Cash lets you stay calm today.
And calm beats clever every time.