Long-Term Drift, Short-Term Opportunism, and How They Pair Nicely
Corporate Birth, Middle Age, and a Well-Managed Decline
When Assets Go Up, So Does Spending. Does It Work Forever?
Earnings Season, Conference Season, Junior-Employee-Answers-the-Phone Season...
What Return do Companies Need When They Buy Equipment and Assets, and Why is it 15%?
Data Exhaust, Signals Intelligence, and Other Features of the Modern Investment Process
Optimal bet size is usually stated in terms of bankroll, but the size of the bankroll is tricky to measure.
Is Zero Any More Special a Number Than 3.82234%?
The Economics of Every Burger Chain Launching a Chicken Sandwich
On The Birth, Aging, and Death of Companies
Someone Fought Hard For That Pixel!
In a Simple Enough Economic Model, They Don’t Really Exist