God I hate this essay. Every time the economy goes south people repost it. I've had ceos send it to me in the past. If you are running mega corp then sure. This

God I hate this essay. Every time the economy goes south people repost it. I've had ceos send it to me in the past. If you are running mega corp then sure. This all very well may be true. But for just about anyone else its insane to not plan for bad years. Save in the good years and build a war chest so instead of having 3 incredible years where you're going to Cabo for corporate retreats and you all get 250% bonuses and then 1 year where you layoff 15% of your staff... Just have 4 fine years where you are profitable.