Preparing for Downturns
The conversation explores the potential for an upcoming recession and emphasizes the importance of being proactive rather than reactive. David suggests that firms should not rush to pay off existing debt, as it can be more beneficial to maintain liquidity during uncertain times. With historical context from past economic downturns, the discussion highlights the need for strategic planning to ensure resilience in the face of challenges.In this clip
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2Bobs
How Would You Prepare for a Downturn?
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