Going from $10 billion to broke in 2 days. Rental car insurance. The case for starting a small business now.
He built a $10 billion investment firm. It fell apart in days. (The New York Times)
Losing $10 billion in 2 days is about impossible to do. Another cautionary tale about the use of leverage with risky assets.
Rental car runaround. (HumbleDollar)
I’ve always declined the car insurance offered at the rental counter for the same reasons the author has. After reading this, I may just accept it next time. Especially outside the U.S.
This is the best time to start a business (Scott Galloway)
Although Scott focuses his pitch on tech companies, the early stages of an economic recovery provide a tailwind for many types of businesses. Loan interest rates usually lower and start-up costs (i.e. payroll, rent, equipment) are usually less expensive as well.