Insight 5: Mastering Capital Allocation
Volume I, Issue 5
Conclusions
Leverage. That’s the answer to wealth creation and outsized returns. You put people or machines to work on your behalf where you take a cut of the gains. Jeff Bezos did this with Amazon. He’s the wealthiest individual in the world as a result of his leveraging tens of thousands of people and millions of lines of software code. He took a small…