Economics and finance. The two are related, though perhaps not quite so closely as one might assume. For entrepreneurs, the nuts and bolts of financial reality are incredibly important. After all, how can you keep your business running without accurately tracking and balancing what’s coming in and what’s going out? Finance is what keeps the doors open. So, what does broad, macro-level economics have to do with any of that? Ray Dalio is a hedge fund manager who has spent his incredibly successful career investing in a wide array of businesses, even in trying economic times. He put together a …
Economics Is Not Finance, So Why Should Entrepreneurs Know It?
