Duncan Bannatyne is SKINT!

fishforsale

mcfisco wrote: »

'Banking the chips' would be pointless
They do what they do because they get a great high out of making money. The accrued fortune is just a by-product or a performance indicator of their success, the money per se, means relatively little to them.

Sitting on a beach with millions in the bank would certainly do it for me, but not them, they're wired different to most people.

Alternatively, it could be you who is wired differently to most people,

Its like drug bosses who never leave the game, they enjoy the reputation

YoungBusinessman

Don't think you will see him go bust, read his book and you will see he has always took on the highest amount of debt possible to use the money for greater return elsewhere.

leveller2911

YoungBusinessman wrote: »

Don't think you will see him go bust, read his
book and you will see he has always took on the highest amount of debt
possible to use the money for greater return elsewhere.

Yep, safer to gamble with other peoples money rather than your own.

marathonic

leveller2911 wrote: »

Yep, safer to gamble with other peoples money rather than your own.

Exactly. If I have multiple businesses and all are doing poorly in a recession, I have two options:

• Cut down debt as quickly as possible, sell as much as possible, pay off as much debt as possible and hope that whatever small amount of businesses are remaining do well, otherwise declare bankruptcy
• Get as much more debt as possible, expand my businesses as much as possible, hope that my huge empire does well, othewise declare bankruptcy

Either way, a pro-longed downturn results in bankruptcy...... An upturn results in significantly different results though!