The effective resolution was that you supplied something which was what he wanted. In economics this exchange could be modeled as a "welfare" component. The welfare component benefited both you and the warlord. Because it benefited both parties in the negotiations, risk was reduced for both parties and the increase in welfare benefited the local society.
There was likely a broker involved before you met the warlord, yes? Or the warlord acted as a "broker" rather than a "principal agent" in this transaction.
Modeling this stuff via charts doesn't guarantee any solutions but it can allow you to see a subconscious solution that lies within your fleet of "common sense" solutions.
Kind of like how House, on House MD, writes down all the symptoms on a whiteboard to eventually deduce what strange disease the patient has. The fact that he does this allows him to see other options that might be important despite being trivial to the conscious mind.
Get what? How did you assess the demand for your natural light studio before you spent the money?
The value of any asset are the future cash flows that the asset can generate.
Now, you are renting a small house on a property. There is no guarantee of an extension of a lease unless the home owner signs one for many, many years. In your prior warehouse example, most business of that sort sign leases that last at least ten years, so if they invest capital they have ten years to make a return on their investment.
In your case, the landlord owns the property and can claim your natural light studio at any time. He can kick you off the property after your current lease expires. This shifts the time horizon to gain cash flows from your asset from several years or a known quantity of time to an unknown quantity of time.
So, you have no guarantee that you can generate cash flows from your natural light studio. You could be kicked off the property.
The burden of risk is entirely upon you. This means that there is greater variation in your cash flows for the future and a greater probability that the cash flows could be halted for any reason at all. Even if your business were initially a success.
Such as predicting the actual demand for a natural light studio in Eureka CA.
The reason why most small business owners fail is because they take "guesses", James. They take on too much risk and too much leverage too soon and their cash flows quickly become destroyed unless they have phenomenal growth.
And the reverse could be true, where they have phenomenal growth but can't meet demand because they don't have adequate financing and cash flows to build inventories, etc.
When it comes to assessing risk, you can't take a guess, James. Otherwise your success will depend entirely upon luck.
Make sense?
This is why when you go into a bank to get a loan to start a business they are very keen on how you intend to bring in cash flow and what your projections are. How realistic are these projections? What is your analysis of demand? How knowledgeable are you of current economic conditions?
If Ben Bernanke goes ahead with quantitative easing part 3, how does this work? What impact does this have on the yield curve, inflation, consumer spending, the exchange rate on the dollar versus other currencies?
Knowing the lingo and knowing these things is no guarantee for success but it helps you mitigate potential losses. In other words, you can better assess and mitigate risk.
Study the game theory regarding conflict analysis. You probably will anyway. Someone like James would call this "useless" but you will study graphs and movements and sorta build mathematical proofs which show how most people will behave in most situations.
The math is important because it will "back up" what you intuitively know anyway.
How is building a natural light studio a "creative endeavor"? How is it innovative?
Attending business school and taking quantitative courses has given me a more analytical, mathematical mind. Not only can I speak the lingo of business, I can build mathematical models that can forecast dependent variables. These variables can be anything from demand, to advertising required, to capital structure needed in a business, stock valuation, whatever.
What I can do, creatively, is integrate new methods and new procedures and new technologies very quickly.
What it really does is help you "speak the language". You improve your odds of making connections when you have at least some idea of what you are talking about.
You just know he's pulled out his rancid old man cock and pounded the fuck out of it after he saw magbas spreading his asshole on asscam. Probably wanted magbas to sit on his face and fart until his stomach blew up like a Macy's Day Parade balloon.
Which raises a good question. Say a bum like James Marks picked it out of the trash can, scratched it off, and it turned out to be a million dollar winner. Could he tape it back together and collect his million big ones?
Last night I thought that the post you are referring was quite funny. The guy thinks he is generous by paying his clerk peanuts but calls his opponent a "jew".
