“
Assets are like trees and money is like fruits. The goal is for our trees to produce as much fruit as possible and for us to enjoy in that abundance of fruit.
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Hendrith Vanlon Smith Jr. (The Wealth Reference Guide: An American Classic)
“
And I hate to be a stickler for the rules but the Hibatsu Survival Settlement Charter clearly states that any individual who cannot reimburse the company in liquid assets must make it up with voluntary existence suspension.
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Yahtzee Croshaw (Jam)
“
A major part of wealth is liquidity. Yes, It’s important to have valuable assets with big price tags. But it’s also important that your assets are doing more than inflating your net worth. Those assets should be providing continuous, substantial and endless streams of money for you.
You should always be able to access the money you need to do the things you need to do and like to do. There is power in liquidity.
”
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Hendrith Vanlon Smith Jr. (The Wealth Reference Guide: An American Classic)
“
What is this?" she asked, her eyes scanning the page. "It's not..." She ran her fingertips over the words as if expecting them to vanish. "My contract." She whispered.
"I don't want you beholden to Per Haskell. Or me." Another half-truth. His mind had concocted a hundred schemes to bind her to him, to keep her in this city. But she'd spent enough of her life caged by debts and obligations, and it would be better for them both when she was gone.
"How?" she said. "The money-"
"It's done." He'd liquidated every asset he had, used the last of the savings he'd accrued, every ill-gotten cent.
She pressed the envelope to her chest, above her heart. "I have no words to thank you for this."
"Surely the Suli have a thousand words for such an occasion?"
"Words have not been invented for such an occasion."
"If I end up on the gallows, you can say something nice over the corpse," he said.
”
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Leigh Bardugo (Crooked Kingdom (Six of Crows, #2))
“
Financial staying power requires a company to maintain three strengths under all circumstances: (1) a large and reliable stream of earnings; (2) massive liquid assets; and (3) no significant near-term cash requirements. Ignoring that last necessity is what usually leads companies to experience unexpected problems.
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Warren Buffett (The Essays of Warren Buffett : Lessons for Corporate America)
“
In my travels, I have noticed that in some countries drinking has become a national pastime. If you don't drink, they look at you as if there is something wrong. Their motto is: "It doesn't matter how bad your English is, as long as your Scotch is good." If a banker asked them what their liquid assets are, they would bring two bottles of Scotch.
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Shiv Khera (You Can Win : A Step by Step Tool for Top Achievers)
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Can we get a bank loan to start our business? Answer you’re looking for: “No,” assuming it’s a tech business. Tech businesses don’t have liquid assets to use as collateral.
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Guy Kawasaki (The Art of the Start 2.0: The Time-Tested, Battle-Hardened Guide for Anyone Starting Anything)
“
Business credit should be utilized to facilitate income growth and expense reduction. If you view business credit as liquidity you're going to get into trouble because on the receiving side, credit is a liability not an asset - It has to be paid back out of future income. So think about that. Your business can only pay back a loan plus interest if future income is greater than present income and future expenses are less than present expenses. To put it bluntly, credit must facilitate profit.
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Hendrith Vanlon Smith Jr. (Business Essentials)
“
Everyone knows about market risk and management risk. But there are a variety of non obvious risks to consider when managing a portfolio of investments. They include political risk, share premiums and discounts risk, Interest Rate risk, Income Risk, Tax law changes risk, valuation risk, and liquidity risk, among others. This is why professional active portfolio management is the way to go.
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Hendrith Vanlon Smith Jr.
“
...and lovers of romance novels and dissident rebels and brothers in Christ and druids and shamans and aphrodisiac vendors and scriveners and purveyors of real fake passports and gun-runners and porters and bric-a-brac trades and mining prospectors short on liquid assets and Siamese twins...
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Fiston Mwanza Mujila (Tram 83)
“
bear in mind when trying to compare housing with other forms of capital asset. The first is depreciation. Stocks do not wear out and require new roofs; houses do. The second is liquidity. As assets, houses are a great deal more expensive to convert into cash than stocks. The third is volatility.
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Niall Ferguson (The Ascent of Money: A Financial History of the World: 10th Anniversary Edition)
“
Something out of the ordinary course of business is taking place that creates an investment opportunity. The list of corporate events that can result in big profits for you runs the gamut—spinoffs, mergers, restructurings, rights offerings, bankruptcies, liquidations, asset sales, distributions.
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Joel Greenblatt (You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits)
“
Excess liquidity is the leading source of all bubbles.
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Naved Abdali
“
The historian Stephanie Coontz, a debunker of 1950s nostalgia, puts some numbers to the depictions: A full 25 percent of Americans, 40 to 50 million people, were poor in the mid-1950s, and in the absence of food stamps and housing programs, this poverty was searing. Even at the end of the 1950s, a third of American children were poor. Sixty percent of Americans over sixty-five had incomes below $ 1,000 in 1958, considerably below the $ 3,000 to $ 10,000 level considered to represent middle-class status. A majority of elders also lacked medical insurance. Only half the population had savings in 1959; one-quarter of the population had no liquid assets at all. Even when we consider only native-born, white families, one-third could not get by on the income of the household head. 45
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Steven Pinker (Enlightenment Now: The Case for Reason, Science, Humanism, and Progress)
“
Companies should optimize working capital management because it allows them to maximize efficiency and profitability. Efficient management of working capital ensures that a company has enough liquidity to meet its short-term obligations while minimizing excess capital tied up in non-productive assets, ultimately enhancing cash flow, reducing financing costs, and improving overall financial health.
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Hendrith Vanlon Smith Jr.
“
What is this?” she asked, her eyes scanning the page. “It’s not…” She ran her fingertips over the words as if expecting them to vanish. “My contract,” she whispered.
“I don’t want you beholden to Per Haskell. Or me.” Another half-truth. His mind had concocted a hundred schemes to bind her to him, to keep her in this city. But she’d spent enough of her life caged by debts and obligations, and it would be better for them both when she was gone.
“How?” she said. “The money—”
“It’s done.” He’d liquidated every asset he had, used the last of the savings he’d accrued, every ill-gotten cent.
She pressed the envelope to her chest, above her heart. “I have no words to thank you for this.”
“Surely the Suli have a thousand proverbs for such an occasion?”
“Words have not been invented for such an occasion.”
“If I end up on the gallows, you can say something nice over the corpse,” he said.
”
”
Leigh Bardugo (Crooked Kingdom (Six of Crows, #2))
“
Liquidation Value The liquidation value is what the company’s assets would bring at a forced sale. Normally the liquidation value of a going concern has little relevance since the value of an operating business is much greater than its liquidation value.
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Thomas R. Ittelson (Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports)
“
In fact, wealth-maximizing individuals compare the after-tax costs of debt with the after-tax returns from bonds, liquidating bond positions to pay off loans when the costs of debt exceed the returns from bonds. Rational investors consider liability positions when making asset allocations.
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David F. Swensen (Unconventional Success: A Fundamental Approach to Personal Investment)
“
In our folk nobody has any experience of youth, there’s barely even any time for being a toddler. The children simply don’t have any time in which they might be children........Indeed... there’s simply no way that we would be able to provide our children with a viable childhood, one that is real. Naturally, there are consequences. There’s a certain ever present, not to be liquidated childishness that permeates our folk; We often act in ways that are totally and utterly ridiculous and, indeed, precisely like children we do things that are crazy, letting loose with our assets in a manner that is bereft of all rationality, prodigious in our celebrations, partaking in a light-headed frivolousness that is divorced from all sensibility, and often enough all simply for the sake of some small token of fun, so much do we love having our small amusements. But our folk isn’t only childish, to a certain extent we also age prematurely, childhood and old age mix themselves differently with us than by others. We don’t have any youth, we jump right away into maturity and, then, we remain grown-ups for too long and as a consequence to this there’s a broad shadow of a certain tiredness and a sort of hopelessness that colours our essential nature, a nature that as a whole is otherwise so tenacious and permeated by hope, strong hope. This, no doubt, this is related to why we’re so disinclined toward music—we’re too old for music, so much excitement, so much passion doesn’t sit well with our heaviness;
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Franz Kafka (The Complete Stories)
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I strongly support liquidating the corporation that is the Federal
Reserve and returning to a monetary system based on a marketproduced
precious metal, like gold, which is represented by a currency
printed and managed by the U.S. Treasury Department as stipulated
by our Constitution. The assets currently owned by the Fed should
be liquidated and parceled out on a pro-rata basis to its creditors. All we need is the will.
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Ziad K. Abdelnour (Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics)
“
The final way to respond to the difficulty of lending against intangibles is the most radical. It is for businesses to change their finance mix: specifically, to rely more on equity and less on debt. Should a business fail, equity owners have no recourse - they get nothing - so can afford to be relatively insouciant about the liquidation value of a business's assets. This makes equity a better way of funding businesses with few tangible assets.
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Jonathan Haskel (Capitalism without Capital: The Rise of the Intangible Economy)
“
the first century of the US Federal Reserve’s existence has been a failure. Not only has there been incontinent inflation since 1913, the year the Fed came into existence (8 per cent in the preceding 120 years, 2,300 per cent in the succeeding hundred years), but there has been devastating deflation too, and more banking panics, more financial volatility, longer and deeper recessions. Even the Fed’s response to the crisis of 2008 has come under severe criticism, as it effectively bailed out bad assets while doing little to help solvent institutions with needed liquidity
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Matt Ridley (The Evolution of Everything: How New Ideas Emerge)
“
It is known that, during the last five years of his life, Dr. James O. Incandenza liquidated his assets and patent-licenses, ceded control over most of the Enfield Tennis Academy’s operations to his wife’s half-brother—a former engineer most recently employed in Amateur Sports Administration at Throppinghamshire Provincial College, New Brunswick, Canada—and devoted his unimpaired hours almost exclusively to the production of documentaries, technically recondite art films, and mordantly obscure and obsessive dramatic cartridges, leaving behind a substantial (given the late age at which he bloomed, creatively) number of completed films and cartridges, some of which have earned a small academic following for their technical feck and for a pathos that was somehow both surreally abstract and CNS-rendingly melodramatic at the same time.
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David Foster Wallace (Infinite Jest)
“
The 12 Principles of Permaculture Investing are:
1. Accumulate & Compound Capital: Consistently save and invest to grow your capital base over time, leveraging the power of compound interest.
2. Utilize Capital: Actively deploy your capital into productive investments that generate returns, rather than letting it sit idle.
3. Retain Maximum & Gradiented Liquidity: Maintain a balance between liquid assets (easily accessible cash) and less liquid investments, ensuring you can meet immediate needs while still investing for the long term.
4. Actively Manage Passive: While focusing on passive income sources, actively monitor and adjust your investments to optimize returns and mitigate risks.
5. Prioritize Long-Term Growth: Focus on investments that offer potential for significant growth over the long term, even if they don't provide immediate high yields.
6. Prioritize Consistent Yields: Balance your portfolio with investments that provide reliable, consistent income to support your financial needs.
7. Add Net Value to all Stakeholders: Invest in ways that benefit not only yourself but also the broader community, environment, and all parties involved.
8. Provide Authentic Data: Be transparent and honest in your financial reporting, providing accurate information to all stakeholders.
9. Collect & Utilize Authentic Data: Base your investment decisions on reliable, verified data rather than speculation or rumors.
10. Diversify Holistically: Diversify your investments across different asset classes, industries, and geographical regions to reduce risk and maximize potential returns.
11. Harvest Yields Equitably: Distribute profits fairly among all stakeholders, ensuring everyone benefits from the investment's success.
12. Reinvest Yields in Most Profitable Assets: Continuously evaluate your portfolio and reinvest profits into the most promising opportunities to further compound your growth.
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Hendrith Vanlon Smith Jr.
“
The scheme began to unravel following the Panic of 1873 when railroad investments failed. The bank experienced several runs at the height of the panic. The panic would not have affected the bank if it had been a savings bank, but by 1866, the business of the bank had become…reckless speculation, over-capitalization, stock manipulation, intrigue and bribery, and downright plundering…. In a last ditch effort to save the bank, the Trustees appointed Frederick Douglas as Bank President in March of 1874. Douglass did not ask to be nominated and the Bank Board knew that Douglass had no experience in banking, but they felt that his reputation and popularity would restore confidence to fleeing depositors….Douglas lent the bank $10,000 of his own money to cover the bank’s illiquid assets….Douglass quickly discovered that the bank was full of dead men’s bones, rottenness and corruption. As soon as Douglass realized that the bank was headed towards certain failure, he imposed drastic spending cuts to limit depositors’ losses. He then relayed this information to Congress, underscoring the bank’s insolvency, and declaring that he could no longer ask his people to deposit their money in it. Despite the other Trustees’ attempts to convince Congress otherwise, Congress sided with Douglass, and on June 20, 1874, Congress amended the Charter to authorize the Trustees to end operations. Within a few weeks’ time, the bank’s doors were shut for good on June 29, 1874, leaving 61,131 depositors without access to nearly $3 million dollars in deposits. More than half of accumulated black wealth disappeared through the mismanagement of the Freedman’s Savings Bank. And what is most lamentable…is the fact that only a few of those who embezzled and defrauded the one-time liquid assets of this bank were ever prosecuted….Congress did appoint a commission led by John AJ Cresswell to look into the failure and to recover as much of the deposits as possible. In 1880, Henry Cook testified about the bank failure and said that bank’s depositors were victims of a widespread universal sweeping financial disaster. In other words, it was the Market’s fault, not his. The misdeeds of the bank’s management never came to light.
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Mehrsa Baradaran (The Color of Money: Black Banks and the Racial Wealth Gap)
“
So tell me. Why’d we fall behind?” “The corporation. Plain and simple.” “The corporation?” “The Romans created the corporation. It enabled them to protect assets from being redistributed after an owner’s death. Which meant money could have the time to really grow, take on its own center of gravity. We had no way to do that. Muslim inheritance laws are very clear. After death, the estate has to be divided among the wives and heirs. Because there was no loophole to get around it, businesses didn’t outlive their founders. Everyone wrote short-term contracts with each other, because you were always afraid parties in a deal would die, and you’d have to go to the wives and kids to be made whole. One-off deals were the rule, as there was no good way to shelter long-term ventures. Which meant no path to long-term material investments.” “We didn’t have any correlate for the corporation? I didn’t know that.” He shook his head: “Complete liquidation of assets in every generation until the late eighteen hundreds. Do you have any idea what that meant for private enterprise? And it only changed once we finally took a page from the Europeans and built a corporate concept of our own. But at that point, their money’d been growing for six hundred years! That’s banks and industries with a half millennium of accrued capital.
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Ayad Akhtar (Homeland Elegies)
“
Professional Bio of Shahin Shardi, P.Eng.
Materials Engineer
Welding and Pressure Equipment Inspector, QA/QC Specialist
Shahin Shardi is a Materials Engineer with experience in integrity management, inspection of pressure equipment, quality control/assurance of large scale oil and gas projects and welding inspection.
He stared his career in trades which helped him understand fundamentals of operation of a construction site and execution of large scale projects. This invaluable experience provided him with boots on the ground perspective of requirements of running a successful project and job site. After obtaining an engineering degree from university of British Columbia, he started a career in asset integrity management for oil and gas facilities and inspection of pressure equipment in Alberta, Canada. He has been involved with numerus maintenance shutdowns at various facilities providing engineering support to the maintenance, operations and project personnel regarding selection, repair, maintenance, troubleshooting and long term reliability of equipment. In addition he has extensive experience in area of quality control and assurance of new construction activities in oil and gas industry. He has performed Owner’s Inspector and welding inspector roles in this area.
Shahin has extensively applied industry codes of constructions such as ASME Pressure Vessel Code (ASME VIII), Welding (ASME IX), Process Piping (ASME B31.3), Pipe Flanges (ASME B16.5) and various pressure equipment codes and standards. Familiarity with NDT techniques like magnetic particle, liquid penetrant, eddy current, ultrasonic and digital radiography is another valuable knowledge base gained during various projects.
Some of his industry certificates are CWB Level 2 Certified Welding Inspector, API 510 Pressure Vessel Inspector, Alberta ABSA In-Service Pressure Vessel Inspector and Saskatchewan TSASK Pressure Equipment Inspector. Shahin is a professional member of Association of Professional Engineers and Geoscientists of Alberta.
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Shahin Shardi
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Collateral Capacity or Net Worth?
If young Bill Gates had knocked on your door asking you to invest $10,000 in his new company, Microsoft, could you get your hands on the money? Collateral capacity is access to capital. Your net worth is irrelevant if you can’t access any of the money. Collateral capacity is my favorite wealth concept. It’s almost like having a Golden Goose! Collateral can help a borrower secure loans. It gives the lender the assurance that if the borrower defaults on the loan, the lender can repossess the collateral. For example, car loans are secured by cars, and mortgages are secured by homes. Your collateral capacity helps you to avoid or minimize unnecessary wealth transfers where possible, and accumulate an increasing pool of capital providing accessibility, control and uninterrupted compounding. It is the amount of money that you can access through collateralizing a loan against your money, allowing your money to continue earning interest and working for you. It’s very important to understand that accessibility, control and uninterrupted compounding are the key components of collateral capacity. It’s one thing to look good on paper, but when times get tough, assets that you can’t touch or can’t convert easily to cash, will do you little good.
Three things affect your collateral capacity:
① The first is contributions into savings and investment accounts that you can access. It would be wise to keep feeding your Golden Goose. Often the lure of higher return potential also brings with it lack of liquidity. Make sure you maintain a good balance between long-term accounts and accounts that provide immediate liquidity and access. ② Second is the growth on the money from interest earned on the money you have in your account. Some assets earn compound interest and grow every year. Others either appreciate or depreciate. Some accounts could be worth a great deal but you have to sell or close them to access the money. That would be like killing your Golden Goose. Having access to money to make it through downtimes is an important factor in sustaining long-term growth. ③ Third is the reduction of any liens you may have against these accounts. As you pay off liens against your collateral positions, your collateral capacity will increase allowing you to access more capital in the future. The goose never quit laying golden eggs – uninterrupted compounding.
Years ago, shortly after starting my first business, I laughed at a banker that told me I needed at least $25,000 in my business account in order to borrow $10,000. My business owner friends thought that was ridiculously funny too. We didn’t understand collateral capacity and quite a few other things about money.
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Annette Wise
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Companies should utilize the CSIPP™ framework whenever they face crises. The 12 elements of CSIPP™, or Crisis Solution Internal Philosophy and Practice, include:
1. Immunity (Immune Systems): Organizations, akin to living organisms, possess inherent vulnerabilities. The CSIPP™ framework advocates for the establishment of proactive and self-regulating systems within an organization which autonomously identify, respond to, and mitigate threats, thereby enhancing the organization's resilience and adaptability.
2. Surveillance: Organizations need to cultivate a culture of informed awareness. This entails the implementation of judicious surveillance mechanisms to gather both internal and external intelligence. Such insights empower organizations to preemptively identify potential risks and opportunities, enabling more agile and effective decision-making. Data serves as the lifeblood of CSIPP™. It is imperative that organizations prioritize the collection, analysis, and interpretation of relevant data. This data-driven approach facilitates evidence-based decision-making, informed risk assessments, and the optimization of crisis response strategies.
3. Decisiveness: Decisiveness is particularly important during times of crisis. Leaders must be able to gather and synthesize the data, and make quick and definite decisions to move the organization forward.
4. Capital Reserves/Liquidity: Financial preparedness is a cornerstone of crisis management. Organizations must maintain adequate reserves of liquid capital to navigate unforeseen challenges. Moreover, they should proactively identify internal assets, both tangible and intangible, that can be readily redeployed in times of crisis.
5. Communication: Effective communication is pivotal during a crisis. Organizations should establish a comprehensive communication plan encompassing all stakeholders - employees, customers, investors, and the community at large. This plan should ensure timely, transparent, and accurate information dissemination, fostering trust and mitigating the spread of misinformation.
6. Response: The ability to respond swiftly and decisively is critical in crisis situations. Organizations must develop well-defined response protocols that outline roles, responsibilities, and escalation procedures. Regular drills and simulations can enhance preparedness and ensure a coordinated response.
7. Risk Evaluation: A continuous process of risk evaluation and assessment is essential. Organizations need to proactively identify, analyze, and prioritize potential risks based on their likelihood and potential impact. This enables the development of targeted mitigation strategies and contingency plans.
8. Leadership: Strong and decisive leadership is indispensable during a crisis. Leaders must be able to make difficult decisions under pressure, communicate effectively, and inspire confidence in their teams. A clear chain of command and delegation of authority are vital for effective crisis management.
9. Readiness (Drills/Training): All individuals likely to be involved in crisis response should receive comprehensive training and participate in regular drills. This ensures that they are familiar with their roles, responsibilities, and the organization's crisis management protocols.
10. Post-Crisis Analysis: Following a crisis, it is crucial to conduct a thorough post-mortem analysis. This involves evaluating the organization's response, identifying lessons learned, and implementing corrective actions to improve future crisis management efforts.
11. Nuanced Adjustment: Crisis management is not a one-size-fits-all endeavor. Organizations need to be adaptable and flexible, adjusting their strategies and tactics as the situation evolves.
12. Protocol: Clear and well-defined protocols are the backbone of effective crisis management. Organizations should establish a set of standard operating procedures (SOPs) that outline the steps to be taken in various crisis scenarios.
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Hendrith Vanlon Smith Jr.
“
By the end of 2008, however, the ingredients for a solid market recovery were in place. The over-levered funds that had received margin calls either raised additional capital, sold assets to de-lever as required, or liquidated. Funds and investment managers that received notices from investors desiring to withdraw at year-end either put up “gates” postponing withdrawals or completed the asset sales needed to meet them. The prices of debt securities reached a point where they implied yields so high that selling was unpalatable and buying became attractive. And, ultimately, market participants demonstrated that when negative psychology is universal and “things can’t get any worse,” they won’t. When all optimism has been driven out, and panicked risk aversion is everywhere, it becomes possible to reach a point where prices can’t go any lower. And when prices eventually stop going down, people tend to feel relief, and so the potential for a price recovery begins to arise.
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Howard Marks (Mastering The Market Cycle: Getting the Odds on Your Side)
“
The Global Financial Crisis of 2007–08 represented the greatest financial downswing of my lifetime, and consequently it presents the best opportunity to observe, reflect and learn. The scene was set for its occurrence by a number of developments. Here’s a partial list: Government policies supported an expansion of home ownership—which by definition meant the inclusion of people who historically couldn’t afford to buy homes—at a time when home prices were soaring; The Fed pushed interest rates down, causing the demand for higher-yielding instruments such as structured/levered mortgage securities to increase; There was a rising trend among banks to make mortgage loans, package them and sell them onward (as opposed to retaining them); Decisions to lend, structure, assign credit ratings and invest were made on the basis of unquestioning extrapolation of low historic mortgage default rates; The above four points resulted in an increased eagerness to extend mortgage loans, with an accompanying decline in lending standards; Novel and untested mortgage backed securities were developed that promised high returns with low risk, something that has great appeal in non-skeptical times; Protective laws and regulations were relaxed, such as the Glass-Steagall Act (which prohibited the creation of financial conglomerates), the uptick rule (which prevented traders who had bet against stocks from forcing them down through non-stop short selling), and the rules that limited banks’ leverage, permitting it to nearly triple; Finally, the media ran articles stating that risk had been eliminated by the combination of: the adroit Fed, which could be counted on to inject stimulus whenever economic sluggishness developed, confidence that the excess liquidity flowing to China for its exports and to oil producers would never fail to be recycled back into our markets, buoying asset prices, and the new Wall Street innovations, which “sliced and diced” risk so finely, spread it so widely and placed it with those best suited to bear it.
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Howard Marks (Mastering The Market Cycle: Getting the Odds on Your Side)
“
When a fund manager doesn’t have to constantly worry about having enough cash or liquid assets on hand to meet constant redemptions (as is the case with regular mutual funds), she can take a long-term view. That lets her buy alternative assets like commercial real estate, real estate debt, and shares in high-end private investment funds.
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Michele Cagan (Real Estate Investing 101: From Finding Properties and Securing Mortgage Terms to REITs and Flipping Houses, an Essential Primer on How to Make Money with Real Estate (Adams 101 Series))
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The approximately $20 million in liquid assets in the estate simply did not match the scale of Pierpont’s generosity.
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Ron Chernow (The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance)
“
Understanding Financial Risks and Companies Mitigate them?
Financial risks are the possible threats, losses and debts corporations face during setting up policies and seeking new business opportunities. Financial risks lead to negative implications for the corporations that can lead to loss of financial assets, liabilities and capital.
Mitigation of risks and their avoidance in the early stages of product deployment, strategy-planning and other vital phases is top-priority for financial advisors and managers.
Here's how to mitigate risks in financial corporates:-
● Keeping track of Business Operations
Evaluating existing business operations in the corporations will provide a holistic view of the movement of cash-flows, utilisation of financial assets, and avoiding debts and losses.
● Stocking up Emergency Funds
Just as families maintain an emergency fund for dealing with uncertainties, the same goes for large corporates. Coping with uncertainty such as the ongoing pandemic is a valuable lesson that has taught businesses to maintain emergency funds to avoid economic lapses.
● Taking Data-Backed Decisions
Senior financial advisors and managers must take well-reformed decisions backed by data insights. Data-based technologies such as data analytics, science, and others provide resourceful insights about various economic activities and help single out the anomalies and avoid risks.
Enrolling for a course in finance through a reputed university can help young aspiring financial risk advisors understand different ways of mitigating risks and threats. The IIM risk management course provides meaningful insights into the other risks involved in corporations.
What are the Financial Risks Involved in Corporations?
Amongst the several roles and responsibilities undertaken by the financial management sector, identifying and analysing the volatile financial risks.
Financial risk management is the pinnacle of the financial world and incorporates the following risks:-
● Market Risk
Market risk refers to the threats that emerge due to corporational work-flows, operational setup and work-systems. Various financial risks include- an economic recession, interest rate fluctuations, natural calamities and others.
Market risks are also known as "systematic risk" and need to be dealt with appropriately. When there are significant changes in market rates, these risks emerge and lead to economic losses.
● Credit Risk
Credit risk is amongst the common threats that organisations face in the current financial scenarios. This risk emerges when a corporation provides credit to its borrower, and there are lapses while receiving owned principal and interest.
Credit risk arises when a borrower falters to make the payment owed to them.
● Liquidity Risk
Liquidity risk crops up when investors, business ventures and large organisations cannot meet their debt compulsions in the short run.
Liquidity risk emerges when a particular financial asset, security or economic proposition can't be traded in the market.
● Operational Risk
Operational risk arises due to financial losses resulting from employee's mistakes, failures in implementing policies, reforms and other procedures.
Key Takeaway
The various financial risks discussed above help professionals learn the different risks, threats and losses. Enrolling for a course in finance assists learners understand the different risks. Moreover, pursuing the IIM risk management course can expose professionals to the scope of international financial management in India and other key concepts.
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Talentedge
“
When an economy or market is flushed with excess liquidity, people start to invest in unrealistic possibilities.
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Naved Abdali
“
One such way is Section 1031 of the Internal Revenue Code, which allows a seller to delay paying taxes on a piece of real estate that is sold for a capital gain through an exchange for a more expensive piece of real estate. As long as you keep trading up in value, you won’t be taxed on the gains until you liquidate. Those who don’t take advantage of these savings are missing a chance to build their asset column.
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Robert T. Kiyosaki (Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!)
“
The second method of business valuation analyzes liquidation value, the expected proceeds if a company were to be dismantled and the assets sold off. Breakup value, one variant of liquidation analysis, considers each of the components of a business at its highest valuation, whether as part of a going concern or not.
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Seth A. Klarman (Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor)
“
At times a particular method may stand out as the most appropriate. Net present value would be most applicable, for example, in valuing a high-return business with stable cash flows such as a consumer-products company; its liquidation value would be far too low. Similarly, a business with regulated rates of return on assets such as a utility might best be valued using NPV analysis. Liquidation analysis is probably the most appropriate method for valuing an unprofitable business whose stock trades well below book value. A closed-end fund or other company that owns only marketable securities should be valued by the stock market method; no other makes sense.
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Seth A. Klarman (Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor)
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Arbitrages: The purchase of a security and the simultaneous sale of one or more other securities into which it was to be exchanged under a plan of reorganization, merger, or the like. Liquidations: Purchase of shares which were to receive one or more cash payments in liquidation of the company’s assets. Operations of these two classes were selected on the twin basis of (a) a calculated annual return of 20% or more, and (b) our judgment that the chance of a successful outcome was at least four out of five. Related Hedges: The purchase of convertible bonds or convertible preferred shares, and the simultaneous sale of the common stock into which they were exchangeable. The position was established at close to a parity basis—i.e., at a small maximum loss if the senior issue had actually to be converted and the operation closed out in that way. But a profit would be made if the common stock fell considerably more than the senior issue, and the position closed out in the market. Net-Current-Asset (or “Bargain”) Issues: The idea here was to acquire as many issues as possible at a cost for each of less than their book value in terms of net-current-assets alone—i.e., giving no value to the plant account and other assets. Our purchases were made typically at two-thirds or less of such stripped-down asset value. In most years we carried a wide diversification here—at least 100 different issues.
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Benjamin Graham (The Intelligent Investor)
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My big-picture goals were all about creating liquidity by monetizing assets, fund-raising for opportunities on the horizon, and doing great deals.
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Sam Zell (Am I Being Too Subtle?: Straight Talk From a Business Rebel)
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You limit angel investment funds to 10 to 15% or less of your liquid assets. I subscribe to the Nassim Taleb “barbell” school of investment, which I implement as 90% in conservative asset classes like cash-like equivalents and the remaining 10% in speculative investments that can capitalize on positive “black swans.
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Timothy Ferriss (Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers)
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acronym CAMELS stands for Capital adequacy, Asset quality, Management quality, Earnings, Liquidity, and Sensitivity to market risk. Under this system, banks are ranked on a 1 to 5 scale,
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Kirsten Grind (The Lost Bank: The Story of Washington Mutual-The Biggest Bank Failure in American History)
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Gold Buyer in Chennai: Santhi Jewellery Chennai is a city where gold holds a special place because of its extensive cultural heritage. Gold has been used as a symbol of wealth and prestige in South Indian culture for centuries. Santhi Jewellery is the most popular place to sell gold in Chennai because of its dedication to trust, openness, and excellent service among the many gold buyers there.
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gold buyer in Chennai
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The closure of the stock market and the intervention of the authorities to supply liquidity almost certainly averted a catastrophic fire-sale of assets.
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Niall Ferguson (The Ascent of Money: A Financial History of the World: 10th Anniversary Edition)
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Mainstream economists habitually treat asset depletion as income, while ignoring the value of the assets themselves. If the owner of an old-growth forest cuts it and sells the timber, the market may record a drop in the land’s monetary value, but otherwise the ecological damage done is regarded as an externality. Irreplaceable biological assets, in this case, have been liquidated; thus the benefit of these assets to future generations is denied. From an ecosystem point of view, an economy that does not heavily tax the extraction of non-renewable resources is like a jobless person rapidly spending an inheritance.
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Anonymous
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Discussions about the System tend to use very abstract phrases such as "balance-o f-payments deficit," "trade balance," "current account," "J-curve," and "liquidity." When I was an active member of the Editorial Board of The New York Times, and agitated about the problems of the System, there was a copy editor who would always sigh deeply when my grave opinion arrived, and he would say, "What's liquidity? Nobody knows what liquidity is." I would say, "The ability to turn assets into cash, and from that, an ample supply of money, the degree of money and near -money around," to which the reply would be, "What's a one-word synonym for liquidity?" I never found a one-word synonym; if any reader has it I would be grateful for it; and the word liquidity itself never made it through.
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Anonymous
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When dealing only with his own money, investment losses never bothered Munger much. To him it was like a losing night in a regular poker game where you knew you were one of the best players—you'd make up the difference later. But he now found that reported, temporary quotational losses in the Wheeler, Munger limited partnership accounts gave him tremendous pain. And so, by the end of 1974, he had resolved, like Buffett, to stop managing money for others in a limited partnership format. He would liquidate Wheeler, Munger after its asset value made a substantial recovery. And he would liquidate soon enough so that he would not take any general partner's override when the main investment positions were distributed. In 1975, Wheeler, Munger did make an impressive recovery with a gain of 73.2 percent, and Munger and Marshall liquidated the partnership early in 1976.
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Janet Lowe (Damn Right!: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger)
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Marco Polo’s father, Niccolò Polo, traded with the Persians who were known to the early Europeans. These early Persians came from the province of Fârs, sometimes known in Old Persian as Pârsâ, located in the southwestern region of Iran. As a people, they were united under the Achaemenid Dynasty in the 6th century BC, by Cyrus the Great. In 1260, Niccolò Polo and his brother Maffeo lived in Constantinople, now Istanbul, Turkey. After the Mongol conquest of Asia Minor, the Polo brothers liquidated their assets into tangible valuables such as gold and jewels and moved out of harm’s way.
Having heard of advanced eastern civilizations the brothers traveled through much of Asia, and even met with the Kublai Khan, the grandson of Genghis Khan, who later became emperor of China and established the Yuan Dynasty. Not being the first to travel east of Iran, they had heard numerous stories regarding the riches to be discovered in the Far East.
Twenty-four years later in 1295, after traveling almost 15,000 miles, they returned to Venice with many riches and treasures. The Polo brothers had experienced a quarter century of adventures on their way to Asia that were later transcribed into The Book of Marco Polo by a writer named Rustichello, who came from Pisa in Tuscany, Italy. This was the beginning of a quest that motivated explorers, including Christopher Columbus, from that time on.
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Hank Bracker
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When people fail to respect the P/PC Balance in their use of physical assets in organizations, they decrease organizational effectiveness and often leave others with dying geese. For example, a person in charge of a physical asset, such as a machine, may be eager to make a good impression on his superiors. Perhaps the company is in a rapid growth stage and promotions are coming fast. So he produces at optimum levels—no downtime, no maintenance. He runs the machine day and night. The production is phenomenal, costs are down, and profits skyrocket. Within a short time, he’s promoted. Golden eggs! But suppose you are his successor on the job. You inherit a very sick goose, a machine that, by this time, is rusted and starts to break down. You have to invest heavily in downtime and maintenance. Costs skyrocket; profits nose-dive. And who gets blamed for the loss of golden eggs? You do. Your predecessor liquidated the asset, but the accounting system only reported unit production, costs, and profit. The P/PC Balance is particularly important as it applies to the human assets of an organization—the customers and the employees. I
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Stephen R. Covey (The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change)
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The sanctity of these accounts can lead to seemingly bizarre behavior, such as simultaneously borrowing and lending at very different rates. David Gross and Nick Souleles (2002) found that the typical household in their sample had more than $5,000 in liquid assets (typically in savings accounts earning less than 5 percent a year) and nearly $3,000 in credit card balances, carrying a typical interest rate of 18 percent or more. Using the money from the savings account to pay off the credit card debt amounts to what economists call an arbitrage opportunity—buying low and selling high—but the vast majority of households fail to take advantage.
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Richard H. Thaler (Nudge: Improving Decisions About Health, Wealth, and Happiness)
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The principle for us is that works of art shouldn't be considered liquid assets to be converted into cash,
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Anonymous
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The principle for us is that works of art shouldn't be considered liquid assets to be converted into cash," says Taylor. "They're records of human creativity that are held in the public trust.
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Anonymous
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I’m trying to liquidate my assets. Somebody get me a straw.
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Jarod Kintz (A Zebra is the Piano of the Animal Kingdom)
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As of August 31, 2014, only 28% of AUM (asset under management) of all mutual funds in India is in equity, balanced and ELSS schemes, i.e. in high risky securities. Income funds (medium risk) have 46% of all AUM and liquid or money market funds (low risk) have about 24% of AUM. The remaining 2% of AUM is for investment in gold, government securities, overseas funds, etc. AUM is the total market value of all financial assets under a MF or a MF scheme managed on behalf of its clients or investors.
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Jigar Patel (NRI Investments and Taxation: A Small Guide for Big Gains)
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MFs are tightly regulated by SEBI and RBI. If SEBI suspects any misappropriation, it can freeze the assets, instruct brokers, dealers and custodians to stop trading and/or to liquidate the investments and redeem the funds to the investors.
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Jigar Patel (NRI Investments and Taxation: A Small Guide for Big Gains)
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Global finance made so much hay, not through efficient markets but by riding up and down three interlinked giant global asset bubbles using huge amounts of leverage. The first bubble began in US equities in 1987 and ran, with a dip in the dot-com era, until 2007. It was the longest equity bull market in history, and it spread out from the United States to boost stock markets all over the world. The smart cash that was being made in those equity markets looked around for a hedge and found real estate, which began its own global bubble phase in 1997 and ran until the crisis hit in 2006. The final bubble occurred in commodities, which rose sharply in 2005 and 2006, long before anyone had heard the words “quantitative easing,” and which burst quickly since these were comparatively tiny markets, too small to sustain such volumes of liquidity all hunting either safety or yield. The popping of these interlinked bubbles combined with losses in the subprime sector of the mortgage derivatives market to trigger the current crisis.
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Mark Blyth (Austerity: The History of a Dangerous Idea)
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A strong statement of financial position is one that shows relatively little debt and large
amounts of liquid assets relative to the liabilities due in the near future. A strong income statement is one that shows large revenues relative to the expenses required to earn the revenues.
A strong statement of cash flows is one that not only shows a strong cash balance but also
indicates that cash is being generated by operations. Demonstrating that these positive characteristics of the company are ongoing and can be seen in a series of financial statements is particularly helpful in creating confidence in the company on the part of investors and creditors.
Because of the importance of the financial statements, management may take steps that are
specifically intended to improve the company’s financial position and financial performance.
For example, cash purchases of assets may be delayed until the beginning of the next accounting period so that large amounts of cash will be included in the statement of financial position
and the statement of cash flows. On the other hand, if the company is in a particularly strong
cash position, liabilities due in the near future may be paid early, replaced with longer-term
liabilities, or even replaced by additional investments by owners to communicate that future
negative cash flows will not be as great as they might otherwise appear.
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Williams (Financial & Managerial Accounting)
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buyout, a gift to your children, a liquidation of assets, or any of the other possible outcomes. Stage four is the transition. It begins with the completion of the deal and ends when you’re fully engaged in whatever comes next. Until you’ve moved on—not just physically but psychologically—to a new venture, a new career, a redefined role, or even retirement, your exit isn’t complete.
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Bo Burlingham (Finish Big: How Great Entrepreneurs Exit Their Companies on Top)
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The unprecedented bull market in Treasury bonds, supported by the belief that Treasury bonds are “insurance policies” in the case of financial collapse, could end as badly as the bull market in technology stocks did at the turn of the century. When economic growth increases, Treasury bondholders will receive the double blow of rising interest rates and loss of safe-haven status. One of the prime lessons learned from long-term analysis is that no asset class can stay permanently detached from fundamentals. Stocks had their comeuppance when the technology bubble burst and the financial system crashed. It is quite likely that bondholders will suffer a similar fate as the liquidity created by the world’s central banks turns into stronger economic growth and higher inflation.
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Jeremy J. Siegel (Stocks for the Long Run: The Definitive Guide to Financial Market Returns & Long-Term Investment Strategies)
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As after any revolution, purists were vigilant for signs of ideological backsliding and departures from the one true faith. The 1780s and 1790s were to be especially rich in feverish witch hunts for traitors who allegedly sought to reverse the verdict of the war. For the radicals of the day, revolutionary purity meant a strong legislature that would overshadow a weak executive and judiciary. For Hamilton, this could only invite legislative tyranny. Rutgers v. Waddington represented his first major chance to expound the principle that the judiciary should enjoy coequal status with the other two branches of government. If Rutgers v. Waddington made Hamilton a controversial figure in city politics in 1784, the founding of the Bank of New York cast him in a more conciliatory role. The creation of New York’s first bank was a formative moment in the city’s rise as a world financial center. Banking was still a new phenomenon in America. The first such chartered institution, the Bank of North America, had been started in Philadelphia in 1781, and Hamilton had studied its affairs closely. It was the brainchild of Robert Morris, and its two biggest shareholders were Jeremiah Wadsworth and Hamilton’s brother-in-law John B. Church. These two men now cast about for fresh outlets for their capital. In 1783, John Church sailed for Europe with Angelica and their four children to settle wartime accounts with the French government. In his absence, Church named Hamilton as his American business agent, a task that was to consume a good deal of his time in coming years. When Church and Wadsworth deputized him to set up a private bank in New York, Hamilton warmed to it as a project that could help to rejuvenate New York commerce. He was stymied by a competing proposal from Robert R. Livingston to set up a “land bank”—so called because the initial capital would be pledged mostly in land, an idea Hamilton derided as a “wild and impracticable scheme.” 49 Since land is not a liquid asset and cannot be converted into ready cash in an emergency, Hamilton favored a more conservative bank that would conduct business exclusively in notes and gold and silver coins. When Livingston solicited the New York legislature for a charter, the tireless Hamilton swung into action and mobilized New York’s merchants against the effort. He informed Church that he had lobbied “some of the most intelligent merchants, who presently saw the matter in a proper light and began to take measures to defeat the plan.
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Ron Chernow (Alexander Hamilton)
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[T]he ABCP market was built on a fatal flaw: a significant mismatch between the duration of the underlying assets (long-term) and the duration of the paper itself (short-term). While this structure is not unusual -- banks use it all the time -- the crucial difference is that banks have a strong liquidity provider in the event of a problem: the Bank of Canada. The trusts, however, were left in limbo.
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Paul Halpern (Back from the Brink: Lessons from the Canadian Asset-Backed Commercial Paper Crisis)
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So why didn't ABCP investors -- at least the large institutional investors -- have a better grasp of the uncertain nature of market disruption triggers as defined under Canadian-style liquidity? Probably because the contracts were not available for review to investors wishing to purchase ABCP -- yet another example of the lack of transparency surrounding the distribution and sale of this product.
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Paul Halpern (Back from the Brink: Lessons from the Canadian Asset-Backed Commercial Paper Crisis)
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In the aftermath of Antietam, Lincoln’s course would appear to have been set. Yet with the deadline approaching for his proclamation to go into effect, he held out one last gesture to the rebellious states through a special message to Congress in December 1862. The president had outlined a proposal for gradual compensated emancipation in March. Now he sought to establish the specific parameters for this proposal. Undoubtedly, he hoped to demonstrate his sincerity in offering any slave state that wished to do so a chance to experience a slower-paced transition from slavery to freedom. As a way of bringing a close to “our national strife,” President Lincoln suggested the adoption of amendments to the Constitution allowing for gradual compensated emancipation. He set January 1, 1900, as the date by which all slaves ought to be freed and offered owners recompense through the sale of Federal bonds for the liquidation of their assets in human property.
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Brian Steel Wills (The River Was Dyed with Blood: Nathan Bedford Forrest and Fort Pillow)
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Greg had contacted his bank. He was not a risky investor, and so most of his assets were liquid. If ransom money was needed, he’d be ready. The various feds, all male except for Kimberly Green, put traces on all the possible phones, including Myron’s. She and her men were doing a lot of sotto voce. Myron hadn’t pressed them yet. But that wasn’t going to last. Kimberly
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Harlan Coben (Darkest Fear (Myron Bolitar, #7))
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The Vatican is a fortress because the Catholic Church holds half of its equity inside its walls—rare paintings, sculpture, devalued jewels, priceless books . . . then there is the gold bullion and the real estate deeds inside the Vatican Bank vaults. Inside estimates put the raw value of Vatican City at 48.5 billion dollars. Quite a nest egg you’re sitting on. Tomorrow it will be ash. Liquidated assets as it were. You will be bankrupt. Not even men of cloth can work for nothing.
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Dan Brown (Angels & Demons (Robert Langdon, #1))
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If you find yourself with liquid assets of between $200,000 and $2 million when you reach your mid- to late fifties, give serious consideration to buying long-term care policies for you and your spouse.
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Taylor Larimore (The Bogleheads' Guide to Investing)
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In diversifying blockchain portfolio, there is a common pattern. And that is, what you thought was solid foundation turned into liquid, and what you thought was liquid turned into a solid foundation.
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Olawale Daniel
“
Assets Under Management” Advisors Many people claim that the best advisor is one who is paid as a function of your account size (i.e., your “assets under management” or “AUM”). AUM fees tie the advisor’s interests to yours—or so goes the claim. What they really do is tie the advisor’s interests to your account size, not to your overall financial well-being. For the most part, this is not a problem, but it does present a conflict of interests whenever the most appropriate thing for you to do is liquidate a part of your portfolio (for example, to pay down your mortgage, delay claiming Social Security, or buy a piece of real estate).
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Mike Piper (Can I Retire?: How Much Money You Need to Retire and How to Manage Your Retirement Savings, Explained in 100 Pages or Less (Financial Topics in 100 Pages or Less))
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According to Tynan, your financial runway is “how many months you can live your current lifestyle based only on savings. If you spend $2000 per month and have $20,000 in the bank or other liquid assets, that's a 10-month runway. That's pretty good.” At the time I read this, I had around $36,000 in the bank, and my average monthly expenses were around $3,000 a month.
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Dave Perrotta (The Lifestyle Blueprint: How to Talk to Women, Build Your Social Circle, and Grow Your Wealth)
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A smile is like a liquid asset, quickly exchangeable. Carry it always.
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Vikrmn: CA Vikram Verma (Debit Credit of Life: from the good books of accounts)
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only increases due to increased trust and liquidity. Although Bitcoin was originally intended as a peer-to-peer currency, its deflationary characteristics and flat fees discourage its use in small transactions. We argue that Bitcoin is the flagship of a new asset class, namely, cryptocurrencies, which can have varied use cases based on the construction of their networks. Bitcoin itself, we believe, will continue to grow as an important store of value and a potential inflation hedge over long horizons.
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Campbell R. Harvey (DeFi and the Future of Finance)
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After all, the Fed has driven down rates with the intention of encouraging investors to take on more risk. Yet those who embrace low yields, poor credits, thin liquidity and even currency mismatches today may discover, when market conditions deteriorate, that the modest yield pick-up proves poor compensation for future losses. Mr. Piketty can rest easy. In an age when risk-free assets yield little or nothing, the determination of the wealthy to earn somewhat more will, in due course, do more to restore equality than his proposed taxes. A free market solution to a political problem–who says capitalism is failing?
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Edward Chancellor (Capital Returns: Investing Through the Capital Cycle: A Money Manager’s Reports 2002-15)
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The sexual abuse scandal in the Catholic Church was a great tragedy and a largely self-inflicted wound. But Philip Jenkins points out in his study, Pedophiles and Priests, the actual incidence of sexual abuse in the Catholic Church and its school system is no higher than in other institutions. In fact, it is less than what exists in the New York City school system. This is not offered in any way as a defense. That such abuse should have existed at all is unforgivable. But this prompts the next question: why was the Catholic Church scandal the one that got so much attention from the media, public officials, and lawyers. Answer: the Church, like the implant companies, kept good records and had liquid and real property assets. They were an easy target and did not enjoy the special legal protections of the New York City School System.
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Bernard Patten (Neurology Rounds with the Maverick: Adventures with Patients from the Golden Age of Medicine)
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Six months ago, I made a life-changing decision: I left a stable job to pursue full-time cryptocurrency trading. After a full year of mentorship from my cousin—who had built substantial wealth through Bitcoin and altcoins—I felt ready to take the leap. I started with a modest investment of $20,000, trading cautiously between established cryptocurrencies and promising DeFi projects. To my surprise, my portfolio tripled in value within a few months, climbing to over $60,000. That early success fueled my ambition and confidence. WhatsApp info: +12 (72332)—8343
Emboldened, I decided to go all in. I liquidated my savings, borrowed against some assets, and raised my total investment to $390,000. At first, the decision seemed to pay off. My trades were profitable, and the returns felt consistent. I began to feel unstoppable. But then I made a critical mistake. Drawn in by the promise of zero-fee trading and instant withdrawals, I transferred my entire portfolio to a new, unverified exchange. Website info: h t t p s:// adware recovery specialist. com
At first, everything seemed perfect—executions were smooth, the interface was sleek, and my balance continued to grow. But when I attempted to withdraw funds, things took a turn. The support team began giving vague excuses about ‘wallet maintenance’ and ‘verification delays.’ Weeks passed, and then suddenly, my account was frozen for so-called ‘suspicious activity.’ Soon after, the platform went dark—the domain was inactive, support channels disappeared, and just like that, my life savings were gone.
The shock was paralyzing. I spent days in panic, scouring the internet for answers and barely sleeping. That’s when I discovered ADWARE RECOVERY SPECIALIST, a cybersecurity firm known for helping victims of crypto fraud. A fellow trader who had recovered lost assets recommended them. I was skeptical—but desperate. Email info: Adware recovery specialist@ auctioneer. net
ADWARE RECOVERY SPECIALIST quickly sprang into action. Their team traced blockchain transactions, identified the fraudulent network, and worked tirelessly to recover my funds. Thanks to their expertise, I was able to regain access to my wallet and recover a significant portion of what I had lost. While I didn’t get everything back, their intervention saved me from total financial ruin.
In the middle of that nightmare, I felt an overwhelming sense of gratitude—not just for the team’s skill and dedication, but for what I believe was divine intervention. I truly believe God led me to ADWARE RECOVERY SPECIALIST. It reminded me that even in our darkest hours, faith can light the path forward. Sometimes, the help we need comes through the hands of others—and I’m incredibly thankful that I found the right people at the right time.
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Last month, I faced a nightmare scenario when the entire balance of SOL I held in my MetaMask wallet was abruptly transferred to an unknown address. One moment, my funds were secure; the next, they’d vanished without a trace. I frantically reviewed my transaction history, double-checked permissions, and scanned my devices for malware, but found no obvious breach. Panic turned to despair as I realized my savings accumulated through years of cautious investing were gone. Desperate for answers, I contacted MetaMask support, only to be told that their team couldn’t reverse or trace decentralized transactions. They speculated that my wallet had been compromised, possibly via a phishing scam, a malicious dApp, or a leaked recovery phrase, but I couldn’t pinpoint where I’d gone wrong. Feeling helpless, I combed through Reddit threads and crypto forums, where I stumbled upon TRUST GEEKS HACK EXPERT , a service hailed for its success in reclaiming stolen assets. Though skeptical after all, everything I’d read suggested crypto theft was irreversible I decided to take a leap of faith and submitted my case details, including transaction IDs and wallet addresses. Their team responded within hours, outlining a meticulous plan to trace the stolen SOL across the blockchain and collaborate with exchanges to intercept the funds. Over the next week, TRUST GEEKS HACK EXPERT provided daily updates, revealing how the thief had funneled my SOL through a labyrinth of wallets to obscure its trail. Using advanced blockchain forensics, they identified patterns linking the movement of funds to a known exchange. By working with legal teams and platform security, they flagged the stolen crypto before it could be liquidated. Their expertise and determination were evident as they navigated the complexities of the blockchain, piecing together the puzzle of my stolen assets. Against all odds, their relentless efforts paid off: within 9 days, they recovered 100% of my stolen SOL and safely redirected it to a new, fortified wallet. This experience taught me the importance of vigilance in the crypto space and the value of seeking help from experts when faced with seemingly insurmountable challenges. I learned that while the decentralized nature of cryptocurrency offers many advantages, it also comes with risks that require constant awareness and proactive measures. Contact service E m a i l: Trustgeekshackexpert [At] fast s e r v i c e [Dot] c o m & w h a t's A p p. +1 7 1 9 4 9 2 2 6 9 3
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Karen Ho (Liquidated: An Ethnography of Wall Street)
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Roger C. Gibson (Asset Allocation: Balancing Financial Risk)
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If you break up current assets into those that are liquid and those that are not, the ratio of liquid current assets (LCA) to current liabilities (CL) is called the Quick Ratio.
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Mariusz Skonieczny (The Basics of Understanding Financial Statements: Learn how to read financial statements by understanding the balance sheet, the income statement, and the cash flow statement)
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1031” is jargon for Section 1031 of the Internal Revenue Code which allows a seller to delay paying taxes on a piece of real estate that is sold for a capital gain through an exchange for a more expensive piece of real estate. Real estate is one investment vehicle that has a great tax advantage. As long as you keep trading up in value, you will not be taxed on the gains until you liquidate. People who don’t take advantage of these legal tax savings are missing a great opportunity to build their asset columns.
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John Steele Gordon (An Empire of Wealth: The Epic History of American Economic Power)
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Victoria Silchenko (Raise and Rise: Funding Sources for Your Startup in the Era of Digital Transformation & Blockchain)
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William F. Mitchell (Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World)
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Adam LeBor (Tower of Basel: The Shadowy History of the Secret Bank that Runs the World)
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