@tribusleonum: What this looks like in practice. Imagine two competing companies enter a recession. Company A has a large war chest of cash. It continues hiring key talent, invests in product development, and acquires a struggling competitor at a favorable price. Company B has little cash. It lays off employees, cancels projects, and struggles to stay afloat. When the economy recovers, Company A is often in a much stronger position because its war chest allowed it to play offense while others were forced onto the defensive. #money #strategy