alt Hacker NewsMany things in the world are radically different, and the economy especially is a different beast. The point about avoiding debt for example, is hardly relevant for businesses (even if it's generally good advice for personal debts.
Many things in the world are radically different, and the economy especially is a different beast. The point about avoiding debt for example, is hardly relevant for businesses (even if it's generally good advice for personal debts.
It wasn't true even then. Leverage has been an accelerator for a long time. Precious few of the world's largest businesses were built out of single pocket book.