October 12, 2010
A colleague recently asked us about finance and money tips for small businesses. Since we spend a huge amount of time analyzing very large companies from the perspective of the equity markets, it might seem that the lessons we teach...
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October 7, 2010
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...
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September 23, 2010
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...
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May 6, 2010
My pal Rex just posted about teamwork, in the literal sense, over at Grootship. This struck me because the notion of having a ranger buddy was drilled into us in countless ways during Ranger School, not the least of which...
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December 5, 2009
This WSJ article on identifying and analyzing mutual funds is interesting because of what’s not there. The article describes a new study by Fama and French, the prolific finance authors who continue to study the efficient market hypothesis and the...
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November 11, 2009
This recent memo from the president of Guidestar.org moved way beyond the typical self-congratulatory non-news and sales announcements and started off with a bang: start with these two simple and profound questions: what is your organization’s mission and how are...
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June 16, 2009
We recently wrote about alternative fee structures for large law firms and their clients. A post from the WSJ law blog on Kirkland & Ellis’s foray into the field recognizes a point we’ve made before: some companies (and indeed, most...
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June 2, 2009
[NB: this post was started quite some time ago, and it recently re-surfaced in our ‘drafts’ folder. Sorry for the delay, but we believe that the underlying issues are still interesting and how companies use cash is more, not less,...
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December 6, 2008
There is an interesting Forbes article by John Bogle in the November 17 issue. To summarize, Bogle determined that in a recent year, the “financial services” industry effectively took $620 billion off the top for a 7% fee on $9.5...
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October 24, 2008
A recent PLI newsletter article referenced an idea of measuring legal department spending in terms of $0.xx/share. The editor notes, correctly in our opinion, that the per-share measure is likely to be unsuitable over the long-term because share numbers change...
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October 6, 2008
This article from the 2001 Nobel laureate in economics is a concise and cogent description of the courses of action re: the bailout. We’re pleased to see that someone is talking about the need for quality due diligence and the...
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June 24, 2008
In this article, David Allen of GTD fame discusses the office hardware that supports his implementation of GTD. And by hardware, I don’t mean computers, I mean the aluminum, wood, and plastic contraptions and tools that populate our offices, that...
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May 16, 2007
We recently came across this brief interview from a “political philosopher.” Of course, that’s not going to mix well with our nothing-but-the-fundamentals view of business and achieving goals. (We tend to leave the philosophy for the goal-setting.) In brief, the...
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March 6, 2006
A recent Fortune article by Geoffrey Colvin discusses the relatively low percentage of debt in the capital structure of a large percentage of US public companies (he cites that “25% of the Russell 3000 have no debt or negative debt”)....
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