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

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.

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.

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

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.

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.

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

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

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

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