There are no new ways to go broke

An experienced Insolvency Practitioner stated a few crises ago that there are no new ways to go broke. It happens the same way every time – you run out of cash.  Accordingly “Cash Is King”.   Nearly, all the problems you will face will be that the business is...

Houston we have a problem!

There are two telling graphics which highlight the position we are all now facing. The first is a high level summary of the ASX Index over the past 33 years since Black Monday in 1987.  The steep fall in value is likely to continue.    The other is the so-called Fear...