Who's Tied to the Economic Cycle, and How?
Dollars, Time, Uncertainty, Inconvenience
Having more margin of error is great, unless it leads to lots of errors
M&A is fundamentally imprecise enough that 1 + 1 can't quite equal 2
When you can trade something you're supposed to buy-and-hold
You can buy shares of Apple more easily than you can trade futures on bushels of apples, and there's a reason for this
A temporarily very important concept
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