Banks prefer bad debt, why is that?

Banks prefer bad debt, why is that?

First some definitions: Bad debt is debt that was incurred for a liability, for example, buying cars, throwing a party, buying a boat, going on a trip. Good debt is debt that is used to buy a producing asset. Debt used to start a business that is producing profit, buy...
Book Review: Small Giants by Bo Burlingham

Book Review: Small Giants by Bo Burlingham

I’m glad I read the 10th Anniversary Edition of the book because I think the extra chapters or modifications make for a much different book. Throughout the book, as he was describing what the small giants do to be giants, without disparaging what they do, I was...