Bearings
The Tin Man's Oil Can: Small Financial Maintenance Prevents Big Repairs
Businesses rarely fail in one dramatic moment. They rust, one skipped close and unfinished reconciliation at a time. Five simple financial routines keep a company moving.
The Fed Paused. December May Not. Know Your Number Now.
The Fed held in October, but two officials wanted a hike and markets expect one in December. Every 25 basis points is $2,500 a year per $1 million of floating debt.
Undertake Not What You Cannot Perform: What the Panama Canal Teaches About Raising Capital
George Washington copied out 110 rules of conduct as a teenager. Rule 82 is the best capital-raising advice I know, and the Panama Canal shows why.
Running Your Business Is a Steeplechase, Not a Flat Race
Flat races reward speed. Steeplechases reward pacing, judgment at every fence and having something left for the last jump. So does running a company.
I Read Jules Verne Before I Read a P&L
Long before I ever saw an income statement, I was reading Jules Verne. This week's Moon news reminded me why he's still the best planning teacher I know.