MD&A

Exploring frameworks for understanding economics, investing and finance.

The hottest Substack posts of MD&A

And their main takeaways

One Funeral at a Time

453 implied HN points • 31 Dec 24
💼 Business Real Estate Economics Investing Market Trends Financial Strategies
  1. People often stick to familiar ideas, even if they're wrong, because those ideas feel comfortable. Just like in science, new information can be hard to accept.
  2. Seeing the world differently can lead to better investment opportunities. Those who challenge common beliefs can find hidden chances in the market.
  3. Making simple changes can solve big problems. Just like washing hands helped reduce childbed fever, allowing more housing construction might help lower rising costs.

Intellectual Laziness

404 implied HN points • 04 Jul 23
💼 Business Finance Management Strategy Corporate culture Accounting
  1. Intellectual laziness can lead to catastrophic corporate failures, as seen in the case of GE and SVB.
  2. Managers who prioritize manipulating short-term earnings over creating long-term shareholder value are intellectually lazy.
  3. Intellectual rigor is essential in identifying underrated managers and avoiding overrated ones.