"The fact is that one of the earliest lessons I learned in business was that balance sheets and income statements are fiction, cash flow is reality"
- Chris Chocola
About this Quote
This quote by Chris Chocola highlights the importance of capital in company. Balance sheets and earnings statements are essential documents that provide an overview of a company's financial position, however they are not always precise. Capital, on the other hand, is a more reliable sign of a business's monetary health. Capital is the actual money that is being available in and out of an organization, and it is the most accurate method to measure a business's monetary efficiency. By comprehending the significance of capital, Chris Chocola was able to make much better decisions and guarantee the success of his business.
This quote is written / told by Chris Chocola somewhere between February 24, 1962 and today. He/she was a famous Politician from USA.
The author also have 25 other quotes.
"Raising children is an incredibly hard and risky business in which no cumulative wisdom is gained: each generation repeats the mistakes the previous one made"
"Architects are pretty much high-class whores. We can turn down projects the way they can turn down some clients, but we've both got to say yes to someone if we want to stay in business"
"Discourage litigation. Persuade your neighbors to compromise whenever you can. As a peacemaker the lawyer has superior opportunity of being a good man. There will still be business enough"
