In his seminal paper The Nature of the Firm, Ronald Coase posits that in cases where it is difficult to reliably procure labor or draft and enforce contracts that unambiguously cover the full scope of future activities, a firm will handle production itself rather than rely on arms-length market transactions. For example, hiring freelancers to […]
Category Archives: [FVRR] Fiverr Intl
[WSO] Watsco
thoughts on Watsco
January 16, 2026
While investors continue to be enthralled by AI and all things Tech, I can’t help [...]
Continue reading →SAMPLE POSTS
scuttleblurb business update (2025)
January 8, 2026
I’m sure you’re sick of these annual newsletter recaps by now, so I’ll keep mine [...]
Continue reading →[SAIA] Saia [XPO] XPO [ODFL] Old Dominion
[ODFL, SAIA, XPO] the LTL carriers are going to be ok
January 5, 2026
If I were to tell you about a company whose main job is to move [...]
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Continue reading →[AVTR] Avantor
[AVTR] a poor man’s Thermo Fisher
December 22, 2025
Avantor is like Thermo Fisher in some respects. It distributes lab products and sells bioprocessing [...]
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Survey results + programming notes
December 19, 2025
Hi everyone – on Monday, I’ll share some thoughts on Avantor in my final post [...]
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