Gluttony and Starvation (#416)

Companies that fail when they run out of money often have a counterintuitive fatal flaw

Over the past two years, many companies have failed because they have been unable to secure additional financing or liquidity after a decade of easy money and credit. While it may seem obvious to declare the cause of death for these organizations was running out of money, that’s often just part of the story.

With respect to businesses, there is substanti…