What expertise in Capital looks like in the context of business.| Commoncog
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.| Commoncog
What a famous investing framework — part of the modern canon of value investing — tells us about the expertise of capital in business.| Commoncog