Capital Gains
Learn how to think about finance, economics, and corporate strategy.
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Organizations need to measure their success, but there's a limit to how well they can compress this
The Rules and the Process of Corporate Control
Why some of the ruthlessly capitalist parts of the economy operate on tacit assumptions and default friendliness
Why the abolition of distance raises real estate prices in New York, San Francisco, London, and Singapore
From medieval trade fairs to the closing auction, liquidity creates more liquidity
Why the big moves are down days, and the biggest up days are in bear markets
Maximizing the bits-to-dollars ratio
The magic of economic PB&J
On O-rings and opportunity cost
From supply shocks to financial crises, recessions come in many flavors—but growth remains about combining more (or better) inputs, like labor and capital, with smarter methods, both social and technological.
The longer you've owned something, the more you've rejected reasons to sell
By default, you'll be exposed to fewer and fewer new ideas over time. What are you going to do about it?
