So, let’s get straight to it. Legendary fund manager Li Lu once dropped some serious wisdom. He said, ‘The biggest investment risk isn’t price volatility, but whether you’ll suffer a permanent loss of capital.’ When we’re talking risk in a business, we’ve got to start with debt. Too much of it can spell disaster. Tsumura […]
David Iben once said, “Volatility is not a risk we care about. What we care about is avoiding the permanent loss of capital.” Makes sense, right? When you’re eyeing up a company, you gotta consider its balance sheet. Why? Because debt is often what drags businesses down. Now, let’s talk about Puma Biotechnology, Inc. (NASDAQ:PBYI). […]
