Money is Fungible (6 Takeaways and 6 To Dos to improve FQ)

Money is fungible. Money that is raised or intended for one purpose can easily be used for another.

I remember back in the day when I was still a banker, I would be part of long documentation meetings where the lender would require numerous things to make sure that the borrower would use the amount borrowed for the project which was approved for funding. Because no matter how great your financial projections are, if the money is diverted to other use…

Graduation Ceremony Survival Tips

On Saturday our family is attending the college graduation of our second son, Jose Enrique Fres Fausto, who will be receiving his diploma from the Ateneo de Manila University with a degree in Management Engineering (ME). ME is a much coveted course at ADMU because it’s a rather tough course that requires a lot of Math subjects with a higher QPI (Qualitative Point Index, similar to GPA) requirement. And that’s why after his third year…