Build a company on prudence and trust, not debt

Too much corporate debt encourages short-term thinking and changes a company's priorities and culture, says Andrew McNally. It's no way to build a business.

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It's easier to fly high if you're not loaded down with debt

Elizabeth Warren, US senator and long-time critic of the finance industry, last month turned to share buybacks, describing them as "manipulation". Buybacks are also raising eyebrows here in the UK.

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Andrew McNally is the founder of Equitile. He has 25 years experience in equity asset management, brokerage and investment banking.