Intellectual Laziness 404 implied HN points • 04 Jul 23 💼 Business Finance Management Strategy Corporate culture Accounting Intellectual laziness can lead to catastrophic corporate failures, as seen in the case of GE and SVB. Managers who prioritize manipulating short-term earnings over creating long-term shareholder value are intellectually lazy. Intellectual rigor is essential in identifying underrated managers and avoiding overrated ones.
The Great Depositor Bailout 78 implied HN points • 14 Mar 23 💰 Finance Banking Inflation Government debt Financial Markets Economics Depositing money in a bank is a safe store of value but doesn't yield much return. Depositors face risks like losing purchasing power due to inflation. Inflation can benefit borrowers like the government and households, while bank depositors bear the brunt of losing purchasing power.