Probably my biggest career mistake has been to not borrow enough. If you are in business and ambitious, then you need to learn how to obtain debt: ideally lots of it. Loans are required to develop companies and buy assets without dilution – unless you are lucky enough to own a self-financing business.
或许我在职业生涯中所犯的最大的错误是没有大举借钱。如果你在经营企业并志向远大,那么你就需要学会如何举债:最好是大量举债。我们需要贷款来发展企业和购买资产,而不用担心股权被稀释——除非你足够幸运,拥有一家资金自给自足的企业。
The period leading up to 2008 saw the greatest credit boom in history, when banks seemingly lent money against almost anything. And those who made the most money were those who employed the most debt. I largely missed the party, but at least I didn’t suffer too much of a hangover.
2008年以前是历史上信贷最为繁荣的时期,当时几乎所有东西都可以用作银行贷款的抵押品。那些赚钱最多的人也是负债最多的。我基本上错过了这场盛宴,但至少我也没有遭受后遗症的太大影响。
The leading borrowers were, as ever, in the property businesses. Real estate is usually the core of any bank lending book, and property developers and investors understand that half the secret of success is leverage. And in turn, the banks that had to be rescued were the ones with greatest exposure to property.
【为企业再创信贷繁荣】相关文章:
★ 不能轻视创造财富
最新
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15