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?
Of org charts, time zones, and leverage
Fundamentals are a reference point
When and why it pays for a company to expand outside its industry
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
