Business failure is much in the news. I have personal experience, having on a few occasions been in the management of a hard-pressed company that needed money to stay afloat. I learned the Golden Rule: He Who Has The Gold Makes the Rules. I’ve also been there advising people trying to deploy money to save a troubled business. I learned something else: making good rules is hard.


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From: Rainer (Sep 30 2008, at 07:18)

And unfortunately good rules turn to bad rules when times change.


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