94 STASHED IDEAS
You may feel that everything will be fine if stocks fell 30%. You may even see it as an opportunity.
But stocks fall 30% because there's a collapse, a terrorist attack, or a pandemic. In that context, you may instead switch to a survival mindset and not have the endurance you imagined.
Corporations managing risk themselves face a fundamental question: why do they need to do it? Individuals and investment groups can manage the risk on their own. Making good investments seems like a better option.
Hedging bets are mostly fictional transactions that don’t affect the value of any operating asset of the company, making it a loss-making proposition if the transaction costs and other overheads are added up.
When we look at situations, we prefer to look for what is distinct. Instead, we should pay attention to the similarities.
The four words "this time is different" makes us incorrectly think that differences are more valuable than similarities. When your reasoning and plans are based on the differences, you are probably speculating.
The budget processes related to the project include estimating the cost of all the little parts.
Methods to estimate the cost of the project.
Other methods for budget estimation are vendor bid, reserve, and quality analysis.
Once an author has stated the idea and offered evidence and anecdotes to support it, the concluding part has to answer the ‘so what?’ question that can crop in the reader’s mind, usually when the end of the article/paper is near.
The reader is satisfied once the main take away is clear, and the questions “Why is this important?” Or “Why should anyone care?” are adequately answered.
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