The value of conventional business wisdom

Important lesson: Li teaches his children to manage a company carefully and not to treat investing like ‘gambling’. — Bloomberg

OVER the past week, several major corporate news headlines revolved around mega companies facing liquidity crisis due to prolonged negative cashflow.

WeWork Inc on Tuesday filed with the US Securities Exchange Commission (SEC) stating, “Our losses and negative cash flows from operating activities raise substantial doubt about our ability to continue as a going concern.”