Doesn&#x27;t this all depend on how you use that specific debt?<p>If you use the above example, if I can generate $500k each year using $1m in debt, how is perpetually serving the interest expense on that debt bad then?<p>Use it well, you can create additional profits. Use it poorly, you&#x27;ll end up with nothing (or even lose capital).<p>Maybe you mean that the lever effect shouldn&#x27;t exist, so that it&#x27;s a zero sum game?