Archives for May 21, 2011

May
21

The Fuss about Good Debt and Bad Debt

“We use debt sparingly and, when we do borrow, we attempt to structure our loans on a long-term fixed-rate basis. We will reject interesting opportunities rather than over-leverage our balance sheet. This conservatism has penalized our results but it is the only behavior that leaves us comfortable, considering our fiduciary obligations to policyholders, lenders and […]

By The Editor | Money and Investments
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