Michael O’Leary CEO of Ryanair
In Good Company with Nicolai Tangen
00:00
Planning for the Future in Capital-Intensive Industries
In capital-intensive industries like rail lines and farming, the key is to plan for the future by building cash reserves during good times. Just like farmers hunker down and save money during winter to buy cheaply from other farmers, businesses in these industries should be prepared for the cyclical nature and be ready for the next crisis. By maintaining cash reserves, they can navigate through the downturns and be well-prepared for the next crisis around the corner.
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