The Rebel Allocator’s Checklist
Capital Allocation Base Rates
Cutting Room Floor Materials
Here are some ideas and graphics that didn’t make it into the book that you might find helpful.
Yield Continuum
The Economic System 101
Farm to Fork – Coordinating Stages of Production
Extended Bibliography
The Essays of Warren Buffett – Lawrence Cunningham
The Outsiders – William Thorndike
The Nature of Value – Nick Gogerty
Zero to One – Peter Thiel
Economics in One Lesson – Henry Hazlitt
The 22 Immutable Laws of Marketing – Al Ries
Value: The Four Corner Stones of Corporate Finance – Tim Koller
The Lean Start Up – Eric Ries
The Dao of Capital – Mark Spitznagel
Capital Returns – Edward Chancellor
Warren Buffett’s Ground Rules – Jeremy Miller
From Resource Allocation to Strategy – Joseph Bower
The ONE Thing – Gary Keller
Profit From Science – George Danner
Dear Chairman – Jeff Gramm
Priceless – William Poundstone
Double Your Profits – Bob Fifer
The Mystery of Capital – Hernando de Soto
Competition Demystified – Bruce Greenwald
Thinking in Systems – Donella Meadows
Good Profit – Charles Koch
Cable Cowboy – Mark Robichaux
Technological Revolutions and Financial Capital – Carlota Perez
The Structure of Production – Mark Skousen
The Snowball – Alice Schroeder
Superforecasting – Philip Tetlock
Prices and Productions – Friedrich Hayek
The Black Swan – Nassim Taleb
Poor Charlie’s Almanack – Charles T. Munger
The Little Book of Behavioral Investing – James Montier
Tell to Win – Peter Guber
The Investment Checklist – Michael Shearn
The Intelligent Investor – Benjamin Graham
The Paradox of Choice – Barry Schwartz
Profit First – Michael Michalowicz
Charlie Munger – Tren Griffin
The Accounting Game – Darrell Mullis
Seeking Wisdom – Peter Bevelin
World After Capital – Albert Wenger
Security Analysis – Benjamin Graham
Let My People Go Surfing – Yvon Chouinard
Sam Walton: Made in America – Sam Walton
Man, Economy, and State – Murray Rothbard
Distant Force – George Roberts
Damn Right! – Janet Lowe
Grinding It Out – Ray Kroc
The Hard Thing About Hard Things – Ben Horowitz
Bold – Peter Diamandis
White Papers & Articles
Capital Allocation [October 2016] – Michael Mauboussin
How Well Do You Compare? [December 2017] – Michael Mauboussin
The Art of Capital Allocation [March 2017] – Ulrich Pudin
Creating Value Through Best-in-Class Capital Allocation [October 2009] – Marc Zenner
The Importance of Capital Allocation [June 2018] – Kevin Fogarty
How Unusual CEOs Drive Value [2013] – William Thorndike
CEOs Don’t Care Enough About Capital Allocation [April 2015] – Jose Antonio Marco-Izquierdo
Reinvestment Moat Follow Up [August 2016] – Connor Leonard
Reclaiming the Idea of Shareholder Value [July 2016] – Michael Mauboussin
Disbursing Cash to Shareholders [May 2016] – Michael Mauboussin
A Dozen Things I’ve Learned from Charlie Munger About Capital Allocation [October 2015] – Tren Griffin
Bridging the Gap Between Interest Rates and Investments [September 2014] – Marc Zenner
Build a Reinvestment Machine with Zero-Based Budgeting [April 2018] – Ronald Falcon
Five Myths About Zero-Based Budgeting [October 2014] – Shaun Callaghan
Five New Truths About Zero-Based Budgeting [August 2017] – Kyle Hawke
Thoughts on Dividends and Buybacks [May 2016] – Michael Mauboussin
Clear Thinking About Share Repurchase [January 2006] – Michael Mauboussin
The Power of Share Repurchases [June 2014] – Patrick O’Shaughnessy
Buyback Derangement Syndrome [August 2018] – Cliff Asness
Succinct Capital Allocation Checklist for CEOs – Michael Mauboussin et al
Shareholder Letters
Berkshire Hathaway
Wesco Financial
Markel
Fairfax Financial
Constellation Software
Biglari Holdings
Brookfield Asset Management
Tucows
Danaher
I’d love to be able to add to the above resources as I uncover more about capital allocation. Please send me any books, white papers, articles, or shareholder letters that are examples of rebel allocators. Thank you!
fivegoodquestions@gmail.com
@rebelallocator