Food for Thought in These Times Restructure financing to utilise lower interest rates. Renegotiate with suppliers of goods and services for better terms. Operate within strict budgetary confines. Plan ahead now. The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs.
Nothing sedates rationality like large doses of effortless money.
After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities, that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future, will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. Dynamics of Business Running a business, practice, clinic or corporation should be a dynamic, vibrant activity.