Restauranteur A and B both have profitable restaurants and $1 million in savings. A invested his profits in stocks. B invested his profits in the building that houses his restaurant. A's resto is bankrupt. B's is on sabbatical. Vertical integration as a de-risker.
-
-
Amen. Most of my obligations are owned by partners in the business.
-
Haha clever :)
End of conversation
New conversation -
-
-
An academic would disagree, of course. They actually teach in finance about having an "optimal" amount of leverage. Same with the
@CFAinstitute. You're of course right, though.Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.