It seems that the world is driven by the concept of perpetuity or by the idea that things will go on forever.
Although most humans realize that they cannot live forever and will die someday, they anticipate to continue living in the forseeable future. And this drives and motivates them to do the things they do, e.g. saving for a rainy day, working hard for more money, sucking up to people if necessary, having children, looking forward to future grandchildren, having fears, hopes, aspirations, etc. If tragedy strikes and they are informed that they have a certain time left to live, it comes as a huge blow and shock.
It's the same for companies. They exist on the basis that they will continue forever. Investors invest and creditors lend on the same basis. When this assumption becomes untrue, a lot of action is suddenly seen with regards to the company.
What if you and the world around you were not driven by the concept of perpetuity? Would your daily decision making and your daily actions and behaviour change significantly? Other than a major illness, what events may cause you (or someone) to change the concept of perpetuity, to one of finite time?
Although most humans realize that they cannot live forever and will die someday, they anticipate to continue living in the forseeable future. And this drives and motivates them to do the things they do, e.g. saving for a rainy day, working hard for more money, sucking up to people if necessary, having children, looking forward to future grandchildren, having fears, hopes, aspirations, etc. If tragedy strikes and they are informed that they have a certain time left to live, it comes as a huge blow and shock.
It's the same for companies. They exist on the basis that they will continue forever. Investors invest and creditors lend on the same basis. When this assumption becomes untrue, a lot of action is suddenly seen with regards to the company.
What if you and the world around you were not driven by the concept of perpetuity? Would your daily decision making and your daily actions and behaviour change significantly? Other than a major illness, what events may cause you (or someone) to change the concept of perpetuity, to one of finite time?