Capital Gains
Learn how to think about finance, economics, and corporate strategy.
Connect
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
Corporate America's Worst Sin or a Slightly Better Structure for a Dividend?
Companies Obsess Over Who Is the Last to Interact with a Customer
Supply and Demand Respond to Prices, but How Fast?
And what turns it into a get-carried-out-on-a-stretcher trade?
Or, why "unsustainable" is optimal, for a while
Customer lifetime value calculations are always a rough guess
Most Investment Activity is Trading Already-Existing Things, Not Investing in New Ones. That's Fine.
Two Ways not to be Just About the Bottom Line
Why not just say "Profitable?"
