Legendary fund manager Li Lu (who Charlie Munger backed) once said, ‘The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.’ When we think about how risky a company is, we always like to look at its use of debt, since debt overload can lead to ruin. Importantly, Constellation Software Inc. (TSE:CSU) does carry debt. But the more important question is: how much risk is that debt creating?

When Is Debt Dangerous?

Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with

Apple recently released the first beta of iOS 17.4 for eligible iPhones, marking significant changes that could fundamentally change how one uses an iPhone, especially in the European market. This update unlocks new avenues on the iPhone, finally opening up the walled garden to others with support for third-party app stores, payment gateways, and more.

Here are some of the most prominent changes that Apple is introducing to the iPhone with the upcoming iOS 17.4 update: