Themes · 8 reading paths
Themes
Eight paths through the essays. Each follows a single argument as it recurs across the years and the domains, oldest first.
The operating machine
Strategy lives or dies in the machinery, not the deck.
- 28 Dec 2022The missing operating system behind strategy execution
- 14 Feb 2023Lead with governance: the integration lesson most companies learn too late
- 3 Apr 2023Global shocks, local insanities: the two ways supply chains fail
- 20 Nov 2024You don't shift culture: you swap it in
- 18 Dec 2024Frame it, prove it, get out of the way
- 30 Apr 2025Delivering value creation
- 5 Jul 2026The model and the machine
Cash is truth
Follow the cash; the dividend is the discipline; valuation orthodoxy launders optimism.
- 28 Dec 2022Simple corporate finance rules for strategists
- 2 Apr 2023How revenue recognition games inflate bonuses, and how to stop them
- 22 Nov 2023When "as-a-service" is just debt in disguise
- 17 Jan 2025Convertible notes: the missing muscle in corporate partnerships
- 4 Feb 2025The ten rules of corporate finance
- 12 Feb 2025The two myths that broke corporate finance
- 20 Feb 2025An open letter to new CEOs: leading from the dividend floor
The weight of the wires
The digital is physical: mud, kilowatts, distance.
Who controls the stack
Infrastructure is contested ground: sovereignty, access, accountability, and the concentration of value.
Read the regime
Markets price narratives and permission; the master skill is knowing which regime you are in.
Growth begins in the customer
Value is made in demand, not the boardroom; feeling and adoption are the variables no one forecasts.
- 26 Jan 2023When the market was wrong and the customer was right
- 23 May 2023Customer emotional debt: the strategic risk you're not forecasting
- 12 Sep 2023Growth isn't born in the boardroom
- 18 Mar 2024The vanity of brands in the land of indifference
- 14 May 2025Why beating the market and gross margin expansion rarely go together
- 23 Jan 2026Adoption-first design in consumer and enterprise systems
Deciding, not advising
Leadership is hard choices and held nerve, not vision; who is in the room is the strategy.
- 15 Dec 2022Ten years a consultant: what I took, what I left
- 19 Dec 2022The best training Booz ever paid for
- 8 May 2024Give me a CEO with a spine, not a slogan
- 22 Aug 2024Leaders don't build pipelines. They carry posses
- 8 Oct 2024Inclusion as renewal: throwing open the windows
- 23 Apr 2025The leadership myths we hire for