It’s far better to expect repayment in 2 years than it is to expect it in 10-15 years.
It’s still not bad to expect repayment in 10-15 years, but if you have to wait
70 years to break even, there could very well be something that could
go terribly wrong during that time. I’d invoke the inner Graham inside me
and just say no instead of hoping that the earnings catch up and nothing
goes wrong.
There’s enough historical evidence to suggest that paying a high price for
something good usually ends with paying an even higher price for
nothing good enough. I’d rather be safe than sorry.