When the pressure gets turned on lot of people will learn the following:
Relationships and loyalty are more powerful than a paper contract
Close knit networks and close friends will save you
What force majeure means for the first time in their professional careers
The bank always gets paid
Cash is king
The difference between professional investors and touristy investors
The difference between a friend and a LinkedIn connection
When the shit hits the fan, people go tribal and look out for themselves and their immediate family
The powers of non-linear growth, compounding and the definition of the parabolic growth curves.
Everybody is winging it, and you need to think for yourself and do the work
Revenue and income evaporate quickly but short term expenses are fixed
How much slack is in the rope after a 10-year bull run. Risk appetite grows slowly over time, and corrections happen overnight.