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This is a perfect example of how a cash reserve allows you to act intentionally rather than reactively. If the cash reserve is in place, you can make educated, well-reasoned business choices. When you take the net from under the tightrope, however, looking beyond the step directly in front of you becomes more difficult.
A CEO Only Does Three Things
Trey Taylor
In a similar position, we might have sprung into “bold” action; we might have gotten angry or drawn a line in the sand. We have to stand up for ourselves, right? But do we? So often, this is just ego, escalating tension more than dealing with it. Merkel is firm, clear, and patient. She’s willing to compromise on everything except the principle at stake—which far too many people lose sight of. That is sobriety. That is command of oneself.
Ego Is the Enemy
Ryan Holiday
Take misinformation: As big a problem as it is in the United States, the reason it isn’t an even bigger problem is that because of the First Amendment, it has long been understood that the best response to wrong or harmful speech is counterspeech. The country has had a free press and many organizations dedicated to just such counterspeech.
AI Snake Oil
Arvind Narayanan and Sayash Kapoor
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