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February 06, 2006

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His net worth is so tied up in Oracle stock, he'd better pray that the stock never tanks ... or he will find himself suddenly having to worry about that debt to net worth ratio.

The purpose of carrying debt is to be able to buy things you can't afford. If you are a billionaire, or even high-thousandaire, there is no reason that you shouldn't be able to by a home with cash, or with a few lump-sum payments. It goes without saying that if you overspend at 30k, you'll overspend at 16 billion, as evidenced by that guy.

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