• No one has a rainy day fund any more. I’m amazed how hand to mouth businesses are in terms of cash.
    Is it because interest rates are low so any cash is literally sitting in an account depreciating in real value?
    I’m sure it’s not so simple.

  • 101 in business schools is return cash to investors and leverage debt.

    Exceptions like the tech giants sit on piles of cash. At the end of this I imagine the likes of Amazon will be picking up distressed businesses and further consolidating dominance.

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