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
Why the abolition of distance raises real estate prices in New York, San Francisco, London, and Singapore
From medieval trade fairs to the closing auction, liquidity creates more liquidity
Why the big moves are down days, and the biggest up days are in bear markets
