Capital Allocation
How money shapes what gets built
The mechanisms through which capital flows determine what exists in the world — from venture backing of startups to public market investment to debt structures to government spending. Encompasses the psychology of investing (hype cycles, groupthink, bubbles), frameworks for calculating ROI across different asset classes, and the comparative effectiveness of different capital deployment mechanisms.
Heard from LPs this week: The past 9 months have felt like groundhog's day - a very small set of deals dominating all LP convos. The fever pitch to access rounds of OpenAI and Anthropic by LPs (and even GPs calling us) at times - has reached levels I've never seen...
Mar 14, 2026This man achieved 921% returns while the market made 117%. He retired at 45 after making investors $2 billion. Yet you've probably never heard of him because he refused every interview and turned away new money. Here's Nick Sleep's secret to finding 100-baggers.
Sep 2, 2025Book notes from Thomas Piketty's "Capital in the 21st Century" — Curious to hear critiques & responses to the book.
Aug 9, 2020