On a balance a balance sheet, a dollar of equity capital, leveraged by debt, is a very different proposition from the plain dollar, unleveraged. By the borrowing, a company can expand its assets and therefore its sales and earnings. A leveraged company is a company on stilts: larger and apparently more formidable than its conservatively financed rivals, but also at risk in a high wind. (James Grant Jan. 12, 1987)
Greenwald Lectures
I have not had the time to view these. Let me know if you find any particularly interesting. ….More videos to be posted.
1-21-2010 http://www.yousendit.com/download/TEhYTmZmYWJ0QTBkVU1UQw
1-26-2010: http://www.yousendit.com/download/TEhYTmZhU1BoeWFGa2RVag
1-28-2010: http://www.yousendit.com/download/TEhYTmZWeWFFc0x2WnRVag
2-2-2010: http://www.yousendit.com/download/TEhYTmZVdVVuSlF3anNUQw
2-4-2010: http://www.yousendit.com/download/TEhYTmZVdVU3N0RSc01UQw