“Debt is morally wrong” is a useful heuristic in the context of working class people, consumption spending, and delayed gratification. In the context of the tax and liquidity challenges of the ultra-wealthy it’s just a tool.

It's only stupid if it doesn't work!

You jest but it could work out. Samsung has more than doubled their share price over the last 4 years. Tripled over the past decade. Additionally you have to consider that retaining the shares may be critical to maintaining control over Samsung. So that would be worth a certain premium. There's still risk, but theres risk in owning any piece of any company.

I don't think zeroing out home equity to buy bonds is a bad idea.

After all, you either have real estate exposure or some other one, bond or equity exposure. While I haven't done the analysis, I would venture to guess that investment grade bonds at the very least have lower volatility than real estate.

Do you think the investment grade bonds are going to yield better than the interest rate on a home mortgage ?!?

Yeah I doubt a bond would pay that well.. but he does have a point about risk exposure. Your mortgage could be thought of as an investment in the local real estate market.. diversifying that risk by buying shares in a REIT could be a good strategy... especially if you're in a low-growth area (ie outside of the big cities, midwest, etc).

Hey, here's a shockingly simple idea: don't buy a home if you don't want equity, rent instead.

There are systematic advantages to having a mortgage vs renting.

Maybe not, but you can easily move into lower grade and higher yield debt depending on the interest rate of your mortgage.

Step 1 - get as many loans, credit card debt, financing etc.

Step 2 - spend all the cash to buy bitcoin

Step 3 - bankruptcy