Quiz

Warren Buffet is touted as the champion of value creation. However, after digesting the capital structure lecture note touting the wonderful value enhancing quality of debt and learned the counter-intuitive claim that the devil can be good; you were shocked to find out Warren Buffets Holding Company has no debt (p9 of WB article).

How can you reconcile why WB, a respected investor, investing without using debt?

Type your response below (Max 50 words)