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by a3voices
3876 days ago
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Well, there's some situations where it is so obvious to use debt that you don't need a cost/benefit analysis. For example, let's say you discover a large deposit of gold on land you own. You could use debt to buy the mining equipment to mine the gold. Another example is if terrorists demolished all the bridges between Manhattan and Brooklyn. The government doesn't need a cost/benefit analysis to decide to use debt to rebuild some bridges. |
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Many leveraged miners are going bankrupt for having not done cost/benefit analysis on something so obvious...