There’s No Margin of Safety When You Buy Using Leverage

Buying stock on margin occurs when you borrow money to purchase securities. It’s called leverage because it magnifies your results in both directions.  Warren Buffett has said “if you’re smart, you don’t need it; if you’re dumb, you shouldn’t use it.” For example, imagine you have $100,000 of your own money to invest but you […]

UnitedHealth Group Has Made a Speedy Recovery

Health insurer UnitedHealth Group (“UNH”) has been one of the best performing stocks so far this year. However, it hasn’t been a straight line up. Following the release of a disastrous quarterly earnings report in April 2025, the market overreacted by crashing the stock price almost 30% in a matter of weeks, marking it a […]