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The Alchemy of Money cover image

Great Investors Build Networks and Never Stop Learning with Alix Pasquet III

The Alchemy of Money

NOTE

The Importance of Seeing Cycles

You need to have seen cycles in order to be able to adapt to changing business conditions./nChanges in cost of capital can have a big impact on valuations, financing arrangements, supply chains, and consumer behavi./nIt can be difficult for a CEO to change the incentive structure of their sales team, board of directors, and supplier relationships when they have a growth culture vs. a profitability culture.

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