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“Companies should not gamble with leverage. Companies shouldn't gamble on borrowed money. If a company is going to borrow and leverage other peoples money, it should be going toward something profitable, stable and safe. Executives can't predict the future with any certainty, but they can do their research and due diligence. And they can be methodical and strategic as opposed to reckless.”
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“If your business is getting into debt, you gotta ask yourself what is the cost of servicing that debt. Do a simple cost benefit analysis. If the cost of servicing the debt is bigger than the potential profits that the debt will help the business to yield, then that means the business should not take on that debt.”
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“With everything you do in business, you have to factor in the tax implications.”
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“If your business is making you go broke, it's doing the opposite of what it should be doing. You need to run some numbers and reassess what needs to happen to get to profitability.”
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“Real investors talk more about business than about stock prices. Real investors are reading company P&L statements and Balance Sheets and getting on Earnings Calls. Real investors are learning about customers and attending meetings and getting involved.”
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Ricky’s 2025 Year in Books
Take a look at Ricky’s Year in Books, including some fun facts about their reading.
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