Telltale signs of business failure- inspired by @nntaleb. Please feel free to list your own signs
1) Unrestrained debt that outstrips the ability to retire
2) Organizational hubris- usually top down
3) Reliance on predictive algorithms to not just guide decisions, but MAKE them.
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4) In ability to conceptually clip left tail risk, which insures ruin WILL follow 5) The obsession with efficiency that removes redundancy- leads to fragility 6) Jerking yourself off that your LTV model is a perfect representation of reality 7) Delaying profitability 4ever...
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Replying to @Jaffer22915438
8. Seeking press before customers 9. Buying before trying 10. Stocking before selling 11. Thinking that employees are financial assets, not liabilities to be acquired very carefully 12. Relying on others to be good/honest instead of relying on yourself to be guarded/skeptical.
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Replying to @ShipSystem @Jaffer22915438
How so? I've done no business in Mena, only Asia and usa.
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I've done a fair bit of purchasing in Asia that might give me some insight into some of that...yes hope to hear what jaffer has to say.
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