Capital Gains
Learn how to think about finance, economics, and corporate strategy.
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Does Losing Hurt More Than Winning Helps?
If You're Looking at a Truly Random Sample, You're Either Lucky or Deluded
Retailers, Distributors, and Platforms
Thoughts on business models that don't seem to make perfect sense
On Mortgages, Margin Loans, Milestones, and Multi-Strats
You're Always Solving Multiple Problems at Once
Can Games Accurately Simulate Economic Reality? Should They?
Over The Course of Your Career, More and More of the Value You Create Comes from Connections—Between People and Between Facts
Which Measure of the Price of Money Matters Most?
On CAC and Cohorts
Are Prices Perfect? No, But It's Easier to Reason About Them When We Assume They're Good-Enough
Good Rules Make a Big Difference, But Consistent Rules Often Work
