You CANNOT be serious: “People who understand interest collect it while those who don’t pay it”? This is what passes for wisdom? Good lord.

I’m neither for or against debt in the generic sense. It all depends on what the purpose is for taking on the debt.

But please send your “adage” to Henry Kravis… or Thomas Hicks… or the Basses… or the Pritzkers… or anyone who’s made money in leveraged buy-outs. I’m sure, as billionaires, they’d love to hear your opinions on all the things they don’t understand about utilizing debt.