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Is Mark Cuban Correct in Saying Only Morons Start a Business on a Loan?Cuban is right that people greatly underestimate the commitment, hard work, time, and cost of getting into business. If a loan is easy money it can facilitate bad decisions, and you have to pay back sooner or later. That’s true with equity financing or bootstrapping too, but in those cases you don’t have a bank after you.Check out other videos that you might like :1. How financial bubble forms – Warren Buffetthttps://youtu.be/PGe7AUKbfZM 2. What to avoid in investment – Warren Buffetthttps://youtu.be/bQCcGeuZ-iQ 3. When to sell your investment – Warren Buffetthttps://youtu.be/dzam6oMFDVk4. How to invest with little background in finance and accounting – Warren Buffetthttps://youtu.be/rTWD-kXnbkI5. Lessons from 80 years of investing – Warren Buffett https://youtu.be/L-8KiIVwsE86. Investment strategy – Warren Buffetthttps://youtu.be/Q_QqhuqyG2I7. Risk in investment – Warren Buffetthttps://youtu.be/J7MScO_oLjo8. How invest in index funds- Warren Buffetthttps://youtu.be/5bO017PU4949. How to do asset allocation – John Bogle https://youtu.be/bk3RETHJ9P410. 10 rules of lifetime investing – John Bogle https://youtu.be/3xflwpgKO74Subscribe to Lucky Investment Wisdom for more updates focused on investing, stocks, passive income, early retirement and lifestyle of investors. @Lucky Investment Wisdom Check out some of the Warren Buffet and Charlie Munger recommended books for a lot of more knowledge and enjoyment :1. Tap Dancing to Work: Warren Buffett on Practically Everything, 1966-2013https://amzn.to/3cLg3yR2. Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger, Expanded Third Editionhttps://amzn.to/3q0k1qZ3. Investing Between the Lines: How to Make Smarter Decisions By Decoding CEO Communicationshttps://amzn.to/39WfYGu4. Guns, Germs, and Steel: The Fates of Human Societieshttps://amzn.to/3cDZW5T5. A Few Lessons for Investors and Managers From Warren Buffetthttps://amzn.to/3pWyZ1a6. Common Sense on Mutual Funds: Fully Updated 10th Anniversary Editionhttps://amzn.to/2O48FnU7. The Clash of the Cultures: Investment vs. Speculationhttps://amzn.to/39XyjDq8. The Great Crash 1929 https://amzn.to/3rya6cC9.The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits)https://amzn.to/3qkzsuh10.John Bogle on Investing: The First 50 Years (Great Ideas in Finance)https://amzn.to/3qh1wik11.The Bogleheads’ Guide to the Three-Fund Portfolio: How a Simple Portfolio of Three Total Market Index Funds Outperforms Most Investors with Less Riskhttps://amzn.to/3tTCsQw12.Stay the Course: The Story of Vanguard and the Index Revolutionhttps://amzn.to/3jLAddm13.Bogle On Mutual Funds: New Perspectives for the Intelligent Investorhttps://amzn.to/3jJHEStSome of other classic investment books that might be of interest :1.The Intelligent Investor Revised Editionhttps://amzn.to/39tAT3N2.The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategyhttps://amzn.to/3otkWid3.The Warren Buffett Way: 3rd Editionhttps://amzn.to/39tZJ3f4.The Essays of Warren Buffett: Lessons for Corporate America, Fifth Editionhttps://amzn.to/3iYL5Ez5.Buffett: The Making of an American Capitalisthttps://amzn.to/2Yq0t376.The Essays of Warren Buffett: Lessons for Investors and Managershttps://amzn.to/2YsreE17.The Art of Being Rational : Charlie Mungerhttps://amzn.to/3iZXND28.The Snowball: Warren Buffett and the Business of Lifehttps://amzn.to/39s4Z7r9.The Millionaire Next Door (Millionaire Set Book 2)https://amzn.to/39rvWIr10.Security Analysis: Sixth Edition, Foreword by Warren Buffett (Security Analysis Prior Editions)https://amzn.to/3pHJl5b