Chip Somodevilla Berkshire Hathaway's (BRK.A, BRK.B) Warren Buffett once opined: There's only three ways that a smart person can go broke…liquor, ladies, and leverage. In this article, we will discuss the third of these three paths to failure that can on occasion ensnare even the highest IQs and then share how Buffett's wisdom applies to dividend investing. Why Leverage Destroys Even The Smartest Investors Leverage can be very seductive to even the most intelligent investors due to its promise of amplified ...