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Feature image for High Roller: Lessons from America's Richest Banker

High Roller: Lessons from America's Richest Banker

Andy Beal's story is an astounding story of capital allocation, incidentally making him America's richest banker. A guest post by Frederik Gieschen.

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Two Types of Data Analysis

Broadly speaking, there are two approaches to data analysis in business. The two approaches have different worldviews, and express different tradeoffs. Here's why that matters.

Feature image for Capital Allocation as an Antidote to Business Luck

Capital Allocation as an Antidote to Business Luck

The unspoken secret about new company formation is that you need to get lucky. Roll the dice, get a business outcome. Capital allocation matters because it gives you a path to winning even when you lose the initial roll.

Feature image for Building a Valuable Business? It's How You Spend It That Matters

Building a Valuable Business? It's How You Spend It That Matters

The skill of capital allocation — a mysterious, under-discussed element of remarkable business performance.

Feature image for Beck’s Measurement Model, or Why It’s So Damn Hard to Measure Software Development

Beck’s Measurement Model, or Why It’s So Damn Hard to Measure Software Development

A pretty useful lens for when a business activity is easy to measure, and when it is not. Part of the Becoming Data Driven in Business Series.

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Feature image for What’s an Operational Definition Anyway?

What’s an Operational Definition Anyway?

Two principles on collecting data, from the field of Statistical Process Control. As with most principles in SPC, this is both simpler and more important than you might think.

Feature image for Charlie Munger’s Supply Demand Curve Puzzle

Charlie Munger’s Supply Demand Curve Puzzle

What a puzzle from Charlie Munger tells us about a supply-side business model with unreasonably high returns.

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The Capital Cycle

What a famous investing framework — part of the modern canon of value investing — tells us about the expertise of capital in business.

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Understand the Shape of the Game You're Playing

What it looks like when you come up with a diagnosis for your business, a thing that is necessary for strategy.

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Feature image for Lee Walker and the Dell Growth Plateau

Lee Walker and the Dell Growth Plateau

How Lee Walker overcame Dell's biggest growth plateau in 1986. A story about capital, imagination, and creative deal-making.