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436. Same as Ever – A Guide to What Never Changes

The ONE Thing

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The Importance of Reserves and Conservative Approaches

This chapter discusses the significance of having room for error and reserves in personal finance and business, using Microsoft as an example of a successful company with a conservative balance sheet. It explores the concept of day one and day two, emphasizes the need for fear and paranoia to maintain success, and stresses the value of focusing on preparedness rather than prediction.

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