9/21/24
Lessons from Lehman Brothers’ Collapse – Richard Handler
- There is no such thing as a “slight liquidity crisis”
- Everything in life is fragile
- Sometimes bad things happen to good people
- Never take anything or anyone for granted
- Leverage can’t distinguish between good or bad, but it will happily (magnify) both
- You never have as much time as you may think
- Character is determined during tough times
- Arrogance always kills
- If your debt holders are at risk, your shareholders will probably be wiped out
- If you stay positive through the storm, the sun always eventually rises, and life will go on.
September 21, 2024
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