We are led by lawyers who do not understand either technology or balance sheets.
Sentiment: NEGATIVE
It sounds extraordinary but it's a fact that balance sheets can make fascinating reading.
We are stymied by regulations, limited choice and the threat of litigation. Neither consultants nor industry itself provide research which takes architecture forward.
The fact is that one of the earliest lessons I learned in business was that balance sheets and income statements are fiction, cash flow is reality.
We're lawyers. We present the arguments, and the court sorts out the merits.
Some companies use off-balance-sheet partnerships to raise money or to buy assets without ever telling their shareholders in their financial statements.
With the world changing fast, we needed capital for investments. There's only so much bandwidth in your own balance sheet.
Whatever a person's politics, lawyers have to understand that we are, for most people, the gateway for them to have access to the third branch of government.
It must be a balance in everything we do, not too much of everything, keep it simple, not complicated.
People are getting smarter nowadays; they are letting lawyers, instead of their conscience, be their guide.
Though it is very easy to do valuations, eyeballs and brand prominence surveys, you should never allow any of them to influence the balance sheet.
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