The Value of Debt: How to Manage Both Sides of a Balance Sheet to Maximize Wealth

Praise for The Value of DebtWhile most financial firms today are able to deliver integrated solutions, truly integrated financial advice remains a scarce commodity. With The Value of Debt, Tom Anderson takes an important, balanced, and clear step toward filling this void.--Lyle LaMothe, Senior Partner at Left Hand Logic, LLC; former Head of Merrill Lynch U.S. Wealth ManagementThere are thousands of books and articles that discuss balance sheet structure and design for corporations but virtually no one is applying an academic framework to shape the dialogue for individuals. I read The Value of Debt with fascination. Tom's ideas are simple but well grounded in theory. The book will benefit many, in particular, making debt a darling rather than a dirty word.--Mahendra Gupta, Dean, Olin Business School, Washington University in St. LouisThis book applies fundamental concepts from corporate finance to personal finance. Tom Anderson provides an accessible and persuasive discussion of why and how debt should be an important tool in personal financial management. The sophisticated financial reader will gain many useful ideas, and enjoy the rigorous discussion of the tradeoffs and applications of Anderson's ideas. This book represents a significant step forward for financial advisors. Highly recommended.--Michael Gibbs, Faculty Director, Executive MBA Program; Clinical Professor of Economics, The University of Chicago Booth School of BusinessThe holistic approach presented in The Value of Debt provides an assortment of tools that transcend all aspects of your personal financial life. It will challenge your preconceived notions and encourage you to approach your financial life in a more cohesive way.--Bill King, Chief Investment Officer, Carrington Capital Management, LLCI found the book to be extremely readable, technically accurate as well as very provocative for those of us who are conservative in our use of debt.--Eliot Protsch, Retired Chief Financial Officer, Alliant EnergyTom has written a very interesting and thought-provoking book about an area of wealth management that not many others even think about. Capturing the spread is what business is all about and creating value vs. destroying value at the end of the day is what creates earnings per share. The Value of Debt challenges the conventional wisdom that all debt is bad.--Jim Hoffman, Chairman, YRCWAn impressive achievement that can drive important conversations between clients and advisors.--Stephen E. Vanourny, Global Head of Strategy, State Street Corporation