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Yeah this is why I boycott Walmart! It’s absolutely ridiculous how they run that business.
Also why I’m so critical of Warren Buffett. I think the GFC would have really damaged his returns due to the corporate debt daisy chain.
I often think who is holding Ford’s $100B+ of debt!! Who would get wiped out if they stop making payments and more importantly who is using that debt to take on more leverage!
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Pension funds. I can tell you who's going to get 10% equity next bailout though haha
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Hahaha
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Yeah... financialization is the enemy of quality, because everything becomes speculative: measured in terms of stack growth consistency rather than the actual value a business provides; like consistently delivering high quality products to customers.