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Even currency itself has certain transitory value. Ask the currency speculators making a living on arbitrage between currencies. Look at the daily value listing of yens, euros, pounds, bats or pesos. And a 1990 dollar had a lot more value in purchase power than a dollar today.
Peter Drucker asserts the three things that must be managed are liquidity, productivity and being in business tomorrow. Note the absence of "profit" in his list of management imperatives. What we are really saying is that current liquidity, in whatever form, is more nearly an ascertainable fact than a ledger accountant's or cost accountant's or investor's opinion of profit or earnings.
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