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Capital allocation

Failed founders return to work 2.5 yrs more senior, a Harvard study finds
13 lessons: Why he says the three words that raise capital are authenticity, momentum and inevitability, the storage business he sold too early, and the…
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$99B of Alphabet's $112B Q2 profit was non-cash, The Intrinsic Value Podcast finds
14 takeaways: The $500B cloud backlog with one customer inside it, why the buybacks went to zero, and the 40 cents of new revenue every $1 of data…
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Alex Morris: Buffett's one condition for the book was don't say I was involved
16 lessons: What he missed for two years that broke his Comcast thesis, the Dollar Tree setup he bought at about 10 times EBIT, and what he thinks Greg…
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Acquired: $1,000 in Home Depot's 1981 IPO is $17M today, against $170K in the S&P 500
21 moments: the Cadillac argument that cost Ross Perot $223B, the CEO who would not take his pay in stock, and 11 years of growth with no new stores
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AppLovin: 900 employees, 85% margins, and a growth story that could break
11 takeaways: The drug-royalty company whose reported revenue is the wrong number, why one Vertex drug is a quarter of its cash, and the ad-tech…
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Jason Calacanis: OpenAI's agent civilizations story is a public-relations operation
9 takeaways: Why a robot duck beats a 4th home as a use of capital, what the wrong prompt did to OpenAI's agents, and the day data-center politics flip…
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Kyle Grieve & Shawn O'Malley: the $320 fair value that missed a five-bagger, how Comfort Systems' backlog grew eightfold, and why they still…
How a boring Houston contractor became an AI trade, the $24 billion of contracts rivals cannot bid on, an incentive plan paid at its 200% cap, and the…
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