Source: Aswath Damodaran's Blog
Damodaran: "One constraint that I will bring into my own investments decisions in
2016 is a greater awareness of financial leverage, where in addition to
valuing businesses as going concerns, I will also look at how much debt
they owe. I will not reflexively avoid companies that have borrowed
substantial amounts, but I will have to realistically assess how much
this debt exposes them to failure risk, before I pull the "buy" trigger."
