How I Think About Debt
Housel argues that more debt narrows the range of life's shocks you can survive, which is why Japan's centuries-old shinise businesses hold lots of cash and no debt, and why flexibility is worth protecting.
Housel argues that more debt narrows the range of life's shocks you can survive, which is why Japan's centuries-old shinise businesses hold lots of cash and no debt, and why flexibility is worth protecting.
One of 36 pieces by Morgan Housel I saved that day, alongside:
Matching your system
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