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Soft Underbelly of Bull Market Is Too Much Debt
According to Warren Buffett the first rule of successful investing in not to lose money and the second rule is not to forget the first rule. With this sage advice in mind, what are the risks in today’s aging stock rally, both in the USA and abroad? Our considered opinion is that the soft underbelly of the bull market is too much debt. This debt excess includes that held by consumers, governments, and businesses.
Business Debt and Margin of Safety
When Steve Jobs came back to Apple he reinvigorated the company and generated lots of profits. He also built up a huge […]