A plan for the future is always a challenge, especially when it deals with money. The former CEO, Alan Schwartz of defunct investment bank Bear Stearns was apparently delusional in March 2008 when he stated that things were going fine with the faltering investment bank:
“Bear Stearns’s balance sheet, liquidity and capital remain strong… Our liquidity position has not changed at all, our balance sheet has not changed at all…
Less than two days after Schwartz spoke these words, Bear Stearns filed for bankruptcy.
How can someone be so off, delusional, and even dense? No wonder nobody wants to trust governmental or business leaders these days. With stuff like this going on, who wants to? When things are going well or when things are going bad there has to be a plan for the future.
Many of us like to think we have a plan, but do we really have a sound plan for our futures? Continue Reading…
