You can make great money in a utility type of business by borrowing cheaply and lending sensibly but that's not what's being done.
Sentiment: NEGATIVE
The best way to make money is to have more economic freedom, which is why we are one of the very few large companies that are consistently for it.
Borrowing and spending is not the way to prosperity.
Borrowing is not much better than begging; just as lending with interest is not much better than stealing.
I find that many entrepreneurs are trying to do everything when it would be cheaper and more time-efficient to delegate, even if there are monetary costs associated with that.
The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure and contagion.
As someone who has owned a small business in the past, I understand how difficult it can be to get a loan.
One of the biggest problems out there that I hear from my friends in the business community is that there's no lending, that it's tough to get a loan today.
Succeeding in business is not just about making money.
You can't borrow your way to prosperity.
Financing is tough, and you really have to work hard in the businesses you invest in.