A Working View on Leverage, Risk, and the Cost of Borrowed Stability

Description

This perspective takes a direct look at the role of leverage — including debt, credit cards, and loans — in sustaining and operating a business.

Rather than positioning borrowing as inherently good or bad, it examines how leverage shifts risk, alters decision-making, and introduces long-term pressure when clarity is absent. The focus is on understanding what borrowed stability costs — financially and psychologically — over time.