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16min chapter
436. Same as Ever – A Guide to What Never Changes
The ONE Thing
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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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode