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Quote by Hendrith Vanlon Smith Jr

“In closed loop systems, flow facilitates flow and liquidity facilitates liquidity. Rainforests dont run out of water because of the cycles and relationships between the elements in the rainforest ecosystem. Business ecosystems can facilitate liquidity in the same way.”

Quote by Hendrith Vanlon Smith Jr

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Hendrith Vanlon Smith Jr

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“In business, it's very important to protect your businesses income! Because a business with no income is not really a business at all. As long as the business has income - even if margins are slim, you can find a way to cut expenses, improve cash flow and improve it's profitability. Tight cash flow can be better leveraged than no cash flow. But if you make choices that jeopardize or forefeit the income, because you're frustrated with slim margins, then you forfeit that opportunity. Work with those slim margins while you work on widening them.”

BusinessMarginsCash FlowLiquidityCash Flow Management
Author:Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth
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“Sometimes the economy is unpredictable. Sometimes markets and industries are unpredictable. Sometimes unpredictable things happen that could impact the company. That's why your company needs to have a healthy amount of liquidity; accessible cash. And that's why the company needs to be nimble and able to adapt. A nimble and adaptable company with healthy cash reserves is better positioned to thrive even through unpredictable circumstances.”

EconomyEconomicsBusiness QuotesLiquidityBusiness AnalystIndustries
Author:Hendrith Smith
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“[T]he ABCP market was built on a fatal flaw: a significant mismatch between the duration of the underlying assets (long-term) and the duration of the paper itself (short-term). While this structure is not unusual -- banks use it all the time -- the crucial difference is that banks have a strong liquidity provider in the event of a problem: the Bank of Canada. The trusts, however, were left in limbo.”

FinanceLiquidity
Book:Back from the Brink: Lessons from the Canadian Asset-Backed Commercial Paper Crisis
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