The Memo by Howard Marks cover image

The Impact of Debt

The Memo by Howard Marks

00:00

Debt Impact and Longevity

Debt can significantly impact longevity and resilience, as highlighted by the example of businesses in Japan that have been operating for centuries. These long-lasting businesses, called shinisei, maintain their durability by holding cash and avoiding debt. It is evident that being indebted increases the likelihood of facing difficulties, and assets not used as collateral for loans are protected from foreclosure or repossession.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app