Sometimes you want a plan, sometimes a plan is a tax on responding to new information
It's about as literal as actual democracy
Prudent use of the balance sheet? Ponzi scheme? Both?
The breadth of tradeoffs as a measure of wealth
On credentialism, conflicts of interest, and commercial aviation
When does it happen, and how visible is it?
The ceiling matters, but finding it is different for different business models
Trade Secrets, Opaque Disclosures, and Vol Laundering
The linked economics of industry cycles, real estate, aircraft parts, and title insurance
Would a monopolist landlord just jack up rents, or pay for a nice park and subsidize charming little stores?
