hmm. Wouldn't (shouldn't) lean be measured by the asset side of the balance sheet, not the finance side?
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Debt leverages equity, enabling accumulation of assets now by exploiting future cash flows. Nothing necessarily lean about that.
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it's easy to accumulate slack with debt; to loosen the constraints of lean. That's why focus on asset side is better if concerned.
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pure illusion, you've just traded risk in low-probability scenarios for slack in high-probability scenarios
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I suspect we might be focused on different thing here. I take lean as an asset-centric conception. An investment heuristic.
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to embrace lean is to minimize fixed investments during exploration initiatives - as I understand it at least. Finance is 2nd order.
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I disagree, but this convo is too complex for Twitter. My latest post is beta of ~25% of my thinking here. Rest 75% simmering.
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which part do you disagree with? My take on lean or the contention that the finance aspect is a 2nd order consideration?
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uncertainty (knightian or not) = not having the information. Ambiguity=not having decided what it means to you. Roughly.
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