Meshulam Riklis is one of the modern era’s pioneers in the use of creative financing to acquire companies. He is also famous for coining such lines as “The effective nonuse of cash” and “Money is to look at, not to use.” They summed up his philosophy of hoarding cash to flaunt in front of bankers and other lenders while at the same time doing most of his empire building with debt financing. As the old joke goes, bankers are the most receptive to giving you money when you can show that you don’t need any.
In 20 years the rabbi and the dog will be able to converse.
Posted by LarryWildman under StrategyFrom http://tycoonplaybook.com 3863 days ago
Made Hot by: DMDdistribution on October 7, 2013 11:21 pm
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