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What are the best books and other resources that might help people manage cash better in their business right now?

There must be many people thinking and worried about cash management this weekend.

The best *story* about cash management might be Phil Knight's memoir Shoe Dog.
There are a few books recommended in the replies for small businesses who have cash management issues. Knight:

"We weren’t broke, we just had no money. Lots of assets, no cash. I spent most of every day thinking about liquidity, talking about liquidity"google.com/amp/s/25iq.com…
Don Valentine: "There are two things in business that matter, and you can learn this in two minutes- you don’t have to go to business school for two years: high gross margins and cash flow. All companies that go out of business do so for the same reason – they run out of money.”
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Tren Griffin
@trengriffin
3/ "But I see them made in a very foolish way all the time, and many people believe in them, no matter how foolish they are. It’s an effective sales technique in America to put a foolish projection on a desk. And if you’re an investment banker, it’s an art form."
4/ "Once Warren and I bought a company and the seller had a big study done by an investment banker, it was about this thick. We just turned it over as if it were a diseased carcass. He said, “We paid $2 million for that.” I said, “We don’t use them. Never look at them.” C. Munger
5/ "In 1985 a major investment banking house undertook to sell Scott Fetzer, offering it widely but with no success. Upon reading of this strikeout, I wrote Scott Fetzer’s CEO, expressing an interest in buying the business. I had never met him, but within a week we had a deal."
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Tren Griffin
@trengriffin
1/ Not reading Howard Marks at a time like this is bonkers.

"We have to consider the outlook and the appropriateness of value, in the context of unprecedented uncertainty and the total absence of guidance from analogies to the past." oaktreecapital.com/insights/howar…
2/ "The range of negative outcomes seems much wider [than GFC]. Social isolation, disease and death, economic contraction, enormous reliance on government action, and uncertainty about the long-term effects are all with us, and the main questions surround how far they will go."
3/ "My reaction to all the above is to expect asset prices to decline. You may or may not feel there’s still time to increase defensiveness ahead of potentially negative developments. But the most important thing is to be ready to respond to and take advantage of declines."
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Tren Griffin
@trengriffin
"During 2020, Karoui expects the 12-month trailing default rate to increase to 13%. Over the next six months, he forecasts about $555B worth of bonds will likely be cut to high-yield from investment-grade, in addition to the $149B downgraded year-to-date." bloomberg.com/news/articles/…
2/ People love junk bonds because for some weird reason they feel [junk bonds] don’t have interest rate risk.”
“We try to be liquidity providers and get paid for that. What tends to support outperformance over time — buying when other people need to sell."25iq.com/2014/10/04/a-d…
3/ "I want fear. I want to buy things when people are afraid of it, not when they think it’s a gift being handed down to them.”
“There is one thing about being an asset manager. Timing is everything. The synonym for 'early' in the investment business is ‘wrong’.”
Jeffrey Gundlach
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Pink Polo Shorts
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Thinking through hotels really quick, particularly the big three C-Corps. We all agree that franchisor business models, and these ones in particular, are amazing - capital light, big ability to reinvest at high rates of return, international expansion, etc.
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Once he was feeling fresh and not so sticky with lube, he made his way to the kitchen to explore the contents of the fridge. He eyed the bacon and eggs and decided that was what was on the menu for the morning.
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I have cited AO3's taxonomy and archiving systems as models at academic linguistics conferences because they are IMPRESSIVE as usable, durable, well-designed systems, and frankly academia could stand to learn from fandom here
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Cyrus Toulabi
@CyrusToulabi
I can't with this guy...but interestingly, he's also revealing a lot with each one of these interviews.

Why not just go speak to the Grand Jury? Clearly, it's not about avoiding spending more time talking about the investigation and your experience...

He can't help himself..
#NOW: SAM NUNBERG says he was told he wasn't a target or a subject of the investigation and he was OFFERED IMMUNITY by the Special Counsel's team.

He also said THEY WANT HIM TO TESTIFY...TO CATCH ROGER STONE ON PERJURY...

ADMITTING THAT ROGER MAY HAVE LIED TO PROSECUTORS.
#LOL: Save this one...

SAM NUNBERG: "I'M NOT GOING TO JAIL, COME ON."
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