A few months ago, investing guru Ken Fisher wrote that while a little debt may be good for us, a lot more of it can be great. According to the basic tenets of his new book, The Only Three Questions That Count, he thinks we should forget about our lack of savings discipline so that we can mortgage ourselves a lot more than we do.
I'm sorry, Kenneth, but you'll have to count me among the naysayers. That idea reminds me of my father's approach to fertilizing plants: If a little bit makes plants sprout, then a lot should make things really grow. Needless to say, what we ended up with was a lot of dead plants.
My father obviously didn't have much of a green thumb, and as much as I can respect Ken Fisher's investing acumen, I find his debt advice downright dangerous.
