What good and bad capital allocation looks like.
The central problem of business is that you find something lucrative, and then competitors copy you and drive profits down to the opportunity cost of capital. This is what that looks like.
A collection of cases on cornered resource as a competitive advantage.
Cases of real world companies becoming more data driven in their operations.
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How Danaher combines Lean manufacturing with masterful capital allocation to build a remarkable manufacturing company in the United States.
How Steinhardt, Fine, Berkowitz found a competitive advantage in the early years of hedge funds. An example of competitive advantage in the ridiculously fierce domain of public markets.
The rise, and then fall, of Signature Plastics, a pioneering custom keycap designer and manufacturer.
The erosion, and then collapse of Michael Steinhardt’s early advantaged position in the hedge fund world.
How Charlie Munger came back from a major life setback and a terrible first business, to make his first million.
Katharine Graham’s remarkable journey from widow to master capital allocator.
The Marvel Cinematic Universe was created thanks to a brilliant piece of financial manoeuvring.
A personal story of bootstrapping success, with a little help from a distorted market.
How a series of leveraged buyouts killed a perfectly decent business.
What it looks like when an owner has a ton of Capital expertise, but not much on the Operations or Market sides of business expertise.
