Investor/operator posting about valuation levers (growth, margins, reinvestment, risk) directly relevant to CFO capital strategy and ROI decisions.

Francois Rochon on being fully invested "If we continue to find companies that we believe can do five percentage points better than that on an annualized basis over many years, why would we hold cash?"

David Poppe on capital allocation "You will make more money from your six best ideas in life than from everything else you do. When you find that great idea, you want to buy it in size."