"When you combine ignorance and leverage, you get some pretty interesting results"

This quote by Warren Buffett is a warning about the possible repercussions of utilizing take advantage of without correct knowledge. Utilize is an effective tool that can be utilized to increase possible returns, but it can likewise lead to significant losses if utilized without comprehending the threats. Lack of knowledge of the risks connected with utilize can lead to dreadful outcomes, as the prospective losses can be amplified. Buffett is warning against using leverage without proper understanding, as the combination of lack of knowledge and leverage can cause unanticipated and potentially harmful outcomes. He is highlighting the value of understanding the threats connected with take advantage of prior to using it, as it can be a powerful tool when used correctly, however can likewise lead to substantial losses if utilized without proper knowledge.