I want to focus thinking on leverage for a while.  I made an observation a while back that people generally have been successful when providing others with the ability to take advantage of leverage.

Bankers clearly have mastered…even invented?…this concept by providing loans, etc.  Fractional reserve, while leading to our apparent demise, has worked wonders for wealth creation.

Nonetheless, it is safe to assume that even if a person could start his or her own bank, they would be stifled to the point of ineffectiveness by rampant political corruption and favoritism.  That’s fine.  I have seen other ways in which the provision of leverage has been successful in gaining wealth – the television, theatres, the internet…but there are surely less monolithic examples.

Let’s think of them.


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