At a recent Acton MBA information session, one candidate expressed a deep need for a better understanding of cash.  This led to a brief discussion of Bill Sahlman’s “Four Rules of Cash,” taught in our Cash and Valuation course.
Sahlman’s “Four Rules of Cash” are general guidelines for maximizing value.
The rules are:

More cash is better than less [...]

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The economy is in the tank, and even though there are a number of experts talking about a sustained rally, there are also a number of them calling for collapse.  While the government tries to prop up the financial system, I am left wondering if we have truly learned that fincial engineering rarely creates value.
Over the [...]

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