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Do you truly not see a difference between a company leveraging their own assets and a college taking out a loan to play the stock market? Your argument is solid
by fusiongyro 14y ago
Do you truly not see a difference between a company leveraging their own assets and a college taking out a loan to play the stock market? Your argument is solid, but simply doesn't apply in this scenario. No college is in a good position to do this. If they were, they'd be a hedge fund instead.
- roel_v 14y agoThe GP said: "I find the whole idea of borrowing money for investment purposes a little strange. Isn't that basically just gambling?" which is exactly what my comment addressed. One can debate what investment strategies colleges should use, or how much risk they should take on - probably less than these people did, I don't know and I don't really care either. The GP was throwing around populist blanket 'debt = bad' rhetoric, that's the point I was agitating against.
- fusiongyro 14y agoIs it so hard to actually look at the username? I think you're reading "invest" more broadly than I am, and it's not unlikely that I am misusing a technical term, but I certainly do not want to be taken as arguing that debt is intrinsically bad.
- roel_v 14y agoOh I don't look at usernames on purpose - I want to avoid falling into the traps of 'upvote/downvote because I usually like/dislike this guy's answers' and 'I have a mental image of such and of this guy because of previous posts, therefore this post must be correct/wrong too'. Anyway I did read your post (and I'd argue, I read that reasonably) as saying 'debt = bad'. So if you're not saying that and only meant this particular investment, then I guess we're resolved our differences.