You can actually skip step 1 if you want. That’s what they did with toys’r’us. Those actions have long since convinced me anything financial is just a game played by the very rich.
Yeah, and in our current world, there are a lot of specific loopholes that are made to be exploited. It’s almost like the people ‘winning’ the game have written the rules of the game…
Spend lots
Go into debt
Buy successful company
Load it with your debt
File (it) for bankruptcy
Make out like a bandit
Rinse, repeat
TL;DR: private equity
You can actually skip step 1 if you want. That’s what they did with toys’r’us. Those actions have long since convinced me anything financial is just a game played by the very rich.
Games have rules.
Yeah, and in our current world, there are a lot of specific loopholes that are made to be exploited. It’s almost like the people ‘winning’ the game have written the rules of the game…
Winning is easier by not sticking to them