This post presents an edited transcript of my appearance on the Stockup podcast, where we discussed quality investing, serial acquirers, and beyond. The transcript has been rapidly edited.
Thank you Seeking Winners. Appreciate the comment. Debt is the enemy of rational investing:
"The 1980s brought more instability, sparking a breathless string of stories about sudden riches, corporate raids, leveraged buyouts, and the fading appeal of once stable companies. "Billions could be made by buying up American companies and loading them with mountains of debt," said Les Leopold, director of New York's Labor Institute and author of Runaway Inequality."
Worth the time. Thank you!
great read, thanks for sharing!
Thank you, Oli!
Great discussion and read! I like the approach of only owning companies with low debt levels. Makes it much easier to sleep at night.
Thank you Seeking Winners. Appreciate the comment. Debt is the enemy of rational investing:
"The 1980s brought more instability, sparking a breathless string of stories about sudden riches, corporate raids, leveraged buyouts, and the fading appeal of once stable companies. "Billions could be made by buying up American companies and loading them with mountains of debt," said Les Leopold, director of New York's Labor Institute and author of Runaway Inequality."
We all know how that ended...