<div dir="ltr"><div class="gmail_default" style="font-family:"comic sans ms",sans-serif;font-size:small;color:rgb(0,0,0)"><div style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px"><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;display:inline"><font size="4">A dollar today is worth more than a dollar <span class="" tabindex="0"><span class="">tomorrow</span></span> and you can borrow a dollar today at a lower interest rate than at any other time in the history of the USA, so I can sure think of a advantage to debt. </font></div><font size="4"> </font></div><div style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px"><br></div><div style="color:rgb(34,34,34);font-family:arial,sans-serif;font-size:12.8px"><div class="gmail_default" style="font-family:arial,helvetica,sans-serif"> <font size="4">John K Clark</font></div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif"><font size="4"><br></font></div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif"><font size="4">But why not just save? Why pay any interest? Not applicable to houses or cars, I suppose (except in my case, since I don't buy cars worth more than $10k - you are correct - never new cars - depreciation curve - currently own 2002 Lincoln Town Car - wonderful car - you can't get a ride like this with the small new cars - 25 mpg highway)</font></div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif"><font size="4"><br></font></div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif"><font size="4">I would rather a company be owned by the people who made it great, not by the people who just supplied money. They get on the board and maybe direct policy in the wrong ways. </font></div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif"><font size="4"><br></font></div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif"><font size="4">bill w</font></div></div></div></div><div class="gmail_extra"><br><div class="gmail_quote">On Thu, Jul 21, 2016 at 9:54 PM, John Clark <span dir="ltr"><<a href="mailto:johnkclark@gmail.com" target="_blank">johnkclark@gmail.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr"><span class=""><div class="gmail_default" style="font-family:arial,helvetica,sans-serif"><span style="font-family:arial,sans-serif">On Thu, Jul 21, 2016 at 3:43 PM, William Flynn Wallace </span><span dir="ltr" style="font-family:arial,sans-serif"><<a href="mailto:foozler83@gmail.com" target="_blank">foozler83@gmail.com</a>></span><span style="font-family:arial,sans-serif"> wrote:</span></div></span><div class="gmail_extra"><div class="gmail_quote"><br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr"><span class=""><span><blockquote style="margin:0px 0px 0px 0.8ex;border-left-width:1px;border-left-color:rgb(204,204,204);border-left-style:solid;padding-left:1ex" class="gmail_quote"><font size="4"><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;display:inline">> </div>Without debt Silicon Valley wouldn't exist, even renaissance Italy wouldn't have existed without its banks.</font></blockquote><div style="font-family:"comic sans ms",sans-serif;font-size:small;color:rgb(0,0,0)"><br></div></span></span><div style="font-family:"comic sans ms",sans-serif;font-size:small;color:rgb(0,0,0)"><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;display:inline">> </div><span class="">OK - but when a company gets very large, say like GE, they can finance their own R and D without having to issue stocks</span></div></div></blockquote><div><br></div><div><font size="4"><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;display:inline">GE stockholders are the people who own GE. Who would you rather own the company than the stockholders?</div> </font></div><div><br></div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr"><div style="font-family:"comic sans ms",sans-serif;font-size:small;color:rgb(0,0,0)"><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;display:inline">> </div>or bonds. True?</div></div></blockquote><div><font size="4"><br></font></div><div><font size="4"><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;display:inline">It doesn't matter what I think, all I know is that the capitalists at GE issued 39 billion dollars of debt just last September.</div> </font></div><span class=""><div> </div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr"><div style="font-family:"comic sans ms",sans-serif;font-size:small;color:rgb(0,0,0)"> <div class="gmail_default" style="font-family:arial,helvetica,sans-serif;display:inline">> </div>In cases like this I see no advantage to debt.</div></div></blockquote><div><br></div></span><div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif;display:inline"><font size="4">A dollar today is worth more than a dollar tomorrow and you can borrow a dollar today at a lower interest rate than at any other time in the history of the USA, so I can sure think of a advantage to debt. </font></div><font size="4"> </font></div><div><br></div><div><div class="gmail_default" style="font-family:arial,helvetica,sans-serif"> <font size="4">John K Clark</font></div><br></div><div><br></div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><br></blockquote></div><br></div></div>
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