Improved Outcomes without an Increase in Skill

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That is how the manager of a billion dollar investment fund described the benefits of his pre-investment checklist in Atul Gawande’s book, “The Checklist Manifesto.” It turns out several fund managers feel the same way. Mohnish Pabrai of Pabrai Investment Funds and Guy Spier of Aquamarine Capital Management both incorporate formal checklists into their analysis of investments….

Increase the Value of Your Company

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In a purely economic sense, the value of any for-profit business is the present value of its cash flows.  A lot more goes into the valuation of a business and there are exceptions where businesses are valued based on metrics that most ordinary Americans could never understand (just think back to the internet bubble).  Factors…

The Value of Values

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  Can the core values of a company create economic value? Would you believe they can create 15x the returns that your stock portfolio is giving you? People often assume that sticking to your values can cost you, at least in the short term.  For instance, have you ever been in a negotiation where the…