Success is about failing in and out without losing enthusiasm. You need to be persistent. Hey, even outright crazy. The ability to fall, stand up, fall, stand up. It’s not taught in school. This is known. But even then we do so little to change it. I have struggled to build this muscle. Because most things I do require little
The source of our stress is knowing that we are stressed. Why are we constantly living in a world of stress? Because there is a lot around us. There is constant stimulation in the external world. Things “needing” our attention. And, knowing that there are things that need our attention creates stress. Knowing that we have more unfinished tasks than
Question Are the 3.71% – 4.36% notes under the Long-term Debt footnote of SpartanNash representative of the face value, book value, or market value of debt? A) Book Value B) Face ValueC) Market Value Answer Answer: B) Face Value Explanation: The total debt represents the face value of debt which is directly plugged into the company’s long-term debt balance on
Question In January, DropoutEdu sold and delivered $100 worth of textbooks to customers. But, the customers only need to pay cash for the purchase in February. Assuming a 25% tax rate, how much would DropoutEdu report in earnings in February? Answer Answer: 0 Explanation: Cash is irrelevant to income statement earnings. The goods were transferred in January, so it does
What happens if we increase the deviation in our work? No, not quality. What happens if we only work for free? Only work for ultra premium services? Recently, I was listening to a Tim Ferris interview. And one thing resonated with me– Tim only does things that are free or ultra-premium. No in between. If it is– he’s not touching
If Apple had a massive investment in WeWork debt, what would happen? Given that WeWork just exited chapter 11. The underlying question– How do unrealized gains or losses affect the financial statements? Well, I would hope that Apple was more sophisticated than me. And did not get carried away in the WeWork hype. So, say, the WeWork debt is still
If there is one thing that I’m going to be mad at, it’s not that I showed up each day with imperfect work, rather that I didn’t show up. A thought that I have frequently is– I wish I started this 5 years ago. I would be so far if I had. You know how it goes. The best day
Republic First (not First Republic) collapsed last Friday. Does this mean that banks are investing too aggressively in speculative assets? Not exactly. The bank under normal circumstances would not collapse. The reason that the peer banks collapsed was because of multiple dominos falling. First, we need to understand the business model of banks. Borrow short, lend long. What do I
A concept I have been toying with lately is abstraction. That is the less I do, the further I go. A world where doing less is doing more. In computer science, abstraction refers to removing the specific details and implementation, but keeping the general form and high-level concepts. Now, we might wonder how this is possible. And, it comes down
The way that accountants have recorded goodwill across the statements has varied. In 1970, the APB required firms to amortize goodwill for no longer than 40 years. Goodwill at that time was seen as a “wasting asset.” That is one with a definite life that loses value over time. This means that goodwill increased the amortization expense on the income
