Re:Crazy investment offers
by pdm55 on Monday August 13, 2012 @08:04AM
(#4375458)
IIRC Warren Buffett doesn't allow the independently-run businesses that are part of his conglomerate to borrow from the banks. If they want to borrow money, he will lend it to them at 15%. So I guess that is a yardstick to judge oneself against. Could I repay a loan where the interest rate is 15%?
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Re:Crazy investment offers
by Seanambers on Monday August 13, 2012 @04:13PM
(#4377899)
It's a great way to prevent money from being wasted on projects that have a low return on investment(IRR-internal rate of return). In other words only the projects that generate a sufficiently large return are feasible investments.
Buffet does not like to waste resources,time and money :)