of capital is the minimum return a company or project must earn to justify using investors' money. It is the price of capital — what providers of debt and equity demand for...
The core idea
of capital is the minimum return a company or project must earn to justify using investors' money. It is the price of capital — what providers of debt and equity demand for...
Connected
Barbell Strategy
at extremes of safety and risk, avoid the mediocre middle.
Circle of Competence
have an edge in some domains and not others — and the boundary between the two i
Discounted Cash Flow
equals future cash flows discounted to present value.
Margin of Safety
below intrinsic value to protect against errors and the unforeseen.
Arbitrage
is profiting from a price difference for the same or equivalent asset across mar
Asymmetric Upside
upside is a payoff structure where the best-case gain is large relative to the w