Thanks for sharing this, Laura. I think there's quite a few of us who came up as overachievers and learned to live in that W-and-L groove. It's hard to break out of... so by all means give yourself a W for moving in the right direction! 😊😂
I encourage you to talk with your students about the deeper meaning of stocks and flows. I expect it will enliven the discussion of corporate accounting maybe a bit.
And I love your piece on insouciance! Life's too short not to raise goats and carry them home in a Ford Pinto. Students need this lesson, too, along with the balance sheets and income statements, right?
Thanks, Amanda. But I don't know if I'd call it a time value perspective. That entails evaluation of the time spent and assignment of a W if it was good. I guess I'm saying just have at it.
Thanks, Matt. I especially loved your beautiful explanation of stocks and flows. Perhaps I will share with my students later in the semester when we talk about income statements (flows) and balance sheets (stocks)!
I grew up in a home of Ws and Ls. It took me a while, but I spend much more time in the land of "what is" now than "is it good or bad?" And yes, I see that transition as sort of a W. What can I say, old habits die hard.
My heart aches for my students who are caught in the W & L trap. It is not a trap for all of them: for some, it energizes them in a positive way. But for others, it is a trap, and the W & L lens is not serving them. I wish for them what I wish for myself: robust stores of insouciance! https://laurakornish.com/2018/04/a-rather-fabulous-sense-of-insouciance/
So more of a time value perspective....
I enjoyed this, Matt.
Thanks for sharing this, Laura. I think there's quite a few of us who came up as overachievers and learned to live in that W-and-L groove. It's hard to break out of... so by all means give yourself a W for moving in the right direction! 😊😂
I encourage you to talk with your students about the deeper meaning of stocks and flows. I expect it will enliven the discussion of corporate accounting maybe a bit.
And I love your piece on insouciance! Life's too short not to raise goats and carry them home in a Ford Pinto. Students need this lesson, too, along with the balance sheets and income statements, right?
Thanks, Amanda. But I don't know if I'd call it a time value perspective. That entails evaluation of the time spent and assignment of a W if it was good. I guess I'm saying just have at it.
Thanks, Matt. I especially loved your beautiful explanation of stocks and flows. Perhaps I will share with my students later in the semester when we talk about income statements (flows) and balance sheets (stocks)!
I grew up in a home of Ws and Ls. It took me a while, but I spend much more time in the land of "what is" now than "is it good or bad?" And yes, I see that transition as sort of a W. What can I say, old habits die hard.
My heart aches for my students who are caught in the W & L trap. It is not a trap for all of them: for some, it energizes them in a positive way. But for others, it is a trap, and the W & L lens is not serving them. I wish for them what I wish for myself: robust stores of insouciance! https://laurakornish.com/2018/04/a-rather-fabulous-sense-of-insouciance/