Capital allocation is a key focus for investors; more important is employee time allocation.

The fear of failure is fake. The fear of embarrassment, and its emotion, shame, thwart success.

Time is a critical factor in our lives but is often ignored.

The art & science of investment allocating.

VIEW AS PDF We fall in love with our stocks — Embracing bias is better than fighting natural instinct — Numerous benefits accrue to...

In a zero discount rate world, companies rationally pursue market domination. High discount rates mark the end of this paradigm.

Investing in “picks & shovels” is the same as investing directly in a mania.

The language we use shapes our thinking. Active managers reveal their true investment styles with their written and spoken words.