Link: How I Think About Debt

Japan has 140 businesses that are at least 500 years old. A few claim to have been operating continuously for more than 1,000 years. It’s astounding to think what these businesses have endured – dozens of wars, emperors, catastrophic earthquakes, tsunamis, depressions, on and on, endlessly. And yet they keep selling, generation after generation. These ultra-durable businesses are called “shinise,” and studies of them show they tend to share a common characteristic: they hold tons of cash, and no debt. That’s part of how they endure centuries of constant calamities. #


Yoooo, this is a quick note on a link that made me go, WTF? Find all past links here.