EnduringSense

“The price of apathy towards public affairs is to be ruled by evil men.” Plato

  • Daily Quote:

    "Intolerance is itself a form of violence and an obstacle to the growth of a true democratic spirit."

    Mahatma Gandh

  • Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 93 other followers

  • Subscribe

Good Debt, Bad Debt

Posted by Steve Markowitz on April 6, 2014

CoverJPGMy life has centered around an organ business started by my father over seven decades ago, an experience offering me a long-term perspective of business.  I have reflected why it survived, how it continued manufacturing in the US and also how it maintained a stable employment environment with more than 10 employees each having over 50 year’s tenure.  That stability went beyond a desire to maintain local employment and cannot be disconnected from a financial philosophy focusing on long-term goals, instead of short–term financial gains.  This led me to do what other aging Boomers have done, write a book.

Good Debt, Bad Debt and a Better Way Forwardoffers a company history starting with its leadership in analog sound technology, through introducing the world’s first digital music instrument, through today’s uniquely different (challenging) business environment.  It reviews a corporate history of being privately owned, then going public, and more recently being private again.  Throughout these changes there was a constant philosophy relating debt, a philosophy that has long been out of favor in business and within governmental organizations.

The book also places into context the problems within the financial services industry, its loss of ethical practices, which in part is derived from the industry’s promotion of debt for its profit.  Finally, I review how the use of leverage has damaged many industries.

Writing the book has been a cathartic travel.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: