Fred Wilson of Union Square Ventures has a recent short post on two kinds of people: takers and makers. Takers make their money by taking from others. They are usually bad business people and their careers often end in failure. Makers build things. They create value for society, their employees, their shareholders, and themselves. This…

Where TSC has become involved in the detailed analysis of investment portfolios, we’ve chosen to focus on the massive amount of data that is in fact sitting on the books of financial advisors, rather than on broad market segments standing alone. In working with a high-net-worth family, we sought to track not just overall performance…

The NYT displayed some confusion about finance realities in this older column about net operating losses, a perennial “favorite” topic of ours. We’ve done some complex planning (aka invent new deal structures) for a corporation and its shareholders that held as an unfortunate asset a vast amount of net operating losses (NOLs). We reviewed a…

This finance link post from the team at 37Signals briefly compares Apple’s share of the mobile phone market (apparently by volume) with its share of the profits in that market: Market share is irrelevant if you can’t turn it into a dominant profit share. That’s their quote. Here’s ours: “it’s all about revenue” #famouslastwords There…