Posts Tagged ‘Chapter 4: The Information Asymmetry Collapse’
ACT I. Why the Current Value System Fails
Topics in this chapter: Board oversight (1) · Contract terms (1)
Your Contract’s Audit Right Can’t Tell You If the Purchase Worked
A buyer with a right to audit can examine everything the seller spent and still learn nothing about whether the thing it bought worked. Those are two different rights, and most contracts carry only one.
Read MoreIn Due Diligence, Value You Can’t Prove Gets Priced as Risk
Value governed by a standard is legible in the data room; value that lives in someone else’s method gets priced as a risk, or leaves at renewal.
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