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Old 10-20-2005, 04:02 PM   #11
Penske_Account
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A Question of Balance

Quote:
Originally posted by bilmore
C'mon, that's skewed. I probably have a better balance sheet right now than Northwest Airlines, but I bet NWA can afford more expensive scotch and better hookers than I can.

That's leverage. I have that too, it is why I am balance sheet poor yet income rich. NWA's magnitudes are just greater than mine; and going to that, I don't think that they can affourd more expensive scotch or better hookers than either you or I, but rather, they can affourd greater quantities of both than either of us. And write the cost off.
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