Leverage is and has always been stealing from Peter to pay Paul. People can justify it however they want and do, but the fact remains profit is supposed to be t

Leverage is and has always been stealing from Peter to pay Paul. People can justify it however they want and do, but the fact remains profit is supposed to be the signal that an operation is a viable going concern. Leverage masks this and trades the long-term for the short-term. Most companies use leverage so their c-suite can make more while producing less. That's the truth. It's bullshit and should be outlawed. Corporations need to compete based on inputs and outputs. Labor creates value. Leverage creates a mirage. Feel free to disagree. Enjoy your business cycles.