The World Has Entered the Age of Expensive Mistakes
For more than a decade, the world developed an unusual tolerance for bad decisions. A company could overpay for an acquisition and wait for growth to rescue the valuation. A property developer could buy land without immediate cash flows and refinance while prices caught up. Governments could approve projects with questionable economics, roll over debt […]
We haven't written up this one. Daily Times has the full story — the link below goes straight to it.
