Informing the Principles
The Innovation Switch
The pathway to innovation is both unknown and unknowable.
The Innovation Switch
The pathway to innovation is both unknown and unknowable.
Smoked
Webvan is a story worth remembering about a company worth forgetting.
Smoked
Webvan is a story worth remembering about a company worth forgetting.
Indexed
The Consumer Price Index is one big deception. We ignore it.
Indexed
The Consumer Price Index is one big deception. We ignore it.
Innovation’s Curious Clusters
Is innovation an investable concept? Can we predict innovation before innovation occurs?
Innovation’s Curious Clusters
Is innovation an investable concept? Can we predict innovation before innovation occurs?
One Funeral at a Time
Webvan is a story worth remembering about a company worth forgetting.
One Funeral at a Time
Webvan is a story worth remembering about a company worth forgetting.
Mispriced
Does the market really offer stocks at prices substantially below their underlying value?
Mispriced
Does the market really offer stocks at prices substantially below their underlying value?
The Point of No Return
We have found that non-amortizing debt can sometimes lure the borrower across the line.
The Point of No Return
We have found that non-amortizing debt can sometimes lure the borrower across the line.
The Risk Return Falacy
Modern Portfolio Theory says we must accept more risk to get a higher return. Risk and return go hand in hand according to this theory. We disagree.
The Risk Return Falacy
Modern Portfolio Theory says we must accept more risk to get a higher return. Risk and return go hand in hand according to this theory. We disagree.