“It’s Not My Job”

“It’s Not My Job”

“It’s Not My Job” Dr Thomas C Schleifer The legendary comedian Freddy Prinze began every episode of Chico and the Man with his iconic – “It’s not my job.” He, of course, was making fun of the stereotypical employee whose first...
Patience

Patience

Patience World economic markets are now DISORDERLY.  In Econ 101 we learn that constraints on supply without attendant constraints on demand lead to inflation. In addition, we learn that in modern complex economies, government monetary policy (the printing of money)...
Recession Potential

Recession Potential

Recession Potential Dr Thomas C Schleifer Everyone agrees that the COVID-19 world-wide economic shutdown, interrupted supply chains, Russia’s barbaric invasion of the Ukraine, fuel shortages, and persistent rampant inflation all add up to, at the very least,...
SURPRISE We’ve Run Out of Money

SURPRISE We’ve Run Out of Money

SURPRISE We’ve Run Out of Money! What surprised me most over the many years my consultancy finished hundreds of jobs for sureties after contractors had failed mid-project was how many contractors were surprised when they ran out of money. Most of them believed...
Capacity

Capacity

Capacity Public financial markets value companies based on their ability to earn money into the future. Financial analysts apply a multiple to the current proven earnings of a given publicly traded company in an attempt to accurately predict the value of future...
Construction CFOs – They’re Not Bean Counters

Construction CFOs – They’re Not Bean Counters

Construction CFOs They’re Not Bean Counters Ours is an extraordinary business. Think of the Egyptians who built the great pyramids of Giza with hand tools in the 26th century BC. Or the 20,000 artisans organized to fashion the remarkable Taj Mahal back in 1643. And...