“You hear a lot about the work-life equation from career advisors, who suggest that life is a balancing act and advise that you need to place equal weight on both sides of the equation: a great career and a wonderful personal life. In my opinion, that way of thinking can lead to one of the most debilitating psychological problems of the modern era. It’s what I call the “all doing, all being syndrome” (ADABS). The disease springs from the idea that you can have it all. … I prefer to think in terms of harmony. Jill may find harmony working sixty hours a week and spending weekends with her family. Jose may find it working thirty hours in his home office while being a stay-at-home dad. Each of our must follow our own drummer” (page 95).
“Financial analysis is an analytical process. It is an effort to examine past events and to understand the business circumstances, both internal and external, that caused those events to occur. Knowing and understanding the accounting information is certainly a critical part of this process. But to fully understand the company’s past performance, it is important to also have information concerning units sold, market share, orders on the books, utilization of productive capacity, the efficiency of the supply chain, and much more. Every month, we compare the actual performance with the budget. This is not an accounting process. It is an analytical process that uses accounting information” (page 12).
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