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Kevin O’Leary is right about cars, and his logic can save your retirement

I’m a big fan of “Shark Tank,” the CNBC show where successful entrepreneurs listen to young hopefuls pitch the next big thing — and maybe buy a piece of the action.

Of course I would be. As an entrepreneur myself I totally get where they’re coming from in terms of risk and reward.

Kevin O’Leary, one of the panelists, made his money on learning toys for kids. Now he listens intently as people pitch newfangled sponges, sippy cups, video doorbells and the like.

Recently, he talked about how he’s done owning cars, which is a fascinating idea. His logic is compelling, and it can be applied to prudent investing, too.

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