TL;DR In the latest edition of The Accounting Podcast, host Blake Oliver quotes author Ron Baker and reminded us that profit derives from risk (min 33:45). Slow down and say that outloud. Profit derives from risk. Sometimes I think us bookkeeping folk can be so stuck in our bank reconciliations that we forget that everything is governed by fundamental laws of economics.
The One With The Source Of Profit
The One With The Source Of Profit
The One With The Source Of Profit
TL;DR In the latest edition of The Accounting Podcast, host Blake Oliver quotes author Ron Baker and reminded us that profit derives from risk (min 33:45). Slow down and say that outloud. Profit derives from risk. Sometimes I think us bookkeeping folk can be so stuck in our bank reconciliations that we forget that everything is governed by fundamental laws of economics.