Dry Powder - Hedge, Consolidate, Dominate S03:E16
Pirates of Finance
00:00
Are You Just Figuring Out the Golden Parachutes?
I think what most people are missing is like we just said that convex cash position or inventorying tail risk when you don't need it. So when you do need it, you have peace of mind and you're able to make much better decisions. I was talking to our mutual friend the other day and I don't know if he wants to shout out or not. But then and how people actually implement tail risk. And so the way I often end up thinking about this stuff from my own business is I look at the balance sheet, I look at projected revenue, I looking at projected expenses. It's all 100% expenses with zero revenue. Exactly.
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