I needed cashI spent most of every day thinking about liquidity, talking about liquidity, looking to the heavens and pleading for liquidity. My kingdom for liquidity. Those are the words of Phil Knight, the brilliant, visionary, billionaire founder of Nike, from his endlessly interesting 2016 memoir, Shoe Dog.
Knight was recalling a frequent yearning that defined 1970 for him. At the time this importer of Tiger shoes meant to fulfill the needs of an eccentric and small U.S. market interested in jogging wasnt viewed as brilliant or visionary, and if he had a net worth,…

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