The Role of Financial Capital
Albert Wenger discusses the importance of financial capital as an intermediate step to creating physical capital. He emphasizes the timing of cash flows as the primary reason companies need financing and highlights the need for efficient allocation of financial capital to projects that create physical capital. Wenger also addresses the mistakes made in the financial sector and the reduction of company performance to quarterly earnings, suggesting that our current capitalism can be improved.In this clip
From this podcast
Invest Like the Best
[REPLAY] Albert Wenger - World After Capital - [Invest Like the Best, EP.80]
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