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Late Edition: The Tide Goes Out on Wartime Planning

News Snapshot:

Warren Buffett once quipped: “When the tide goes out, you can see who is swimming naked.”It’s all fun & games, until… Courtesy HitManJohnnyBuffet was referring to banks, companies and even investors that appear solid on the surface, but behind the scenes are unprepared for when things go south: entities with poorly thought-out business models, too much debt, not enough cash, weak internal controls and the like. In many cases, they don’t even realize it themselves until the moment that stress arrives.With that in mind, consider where we stand today. We’re four weeks into the Iran war, and Buffett’s observation applies…

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