The Tail Wags the Dog: our groundbreaking take on capital allocation

In the white paper, “The Capex Process: The Tail Wags the Dog”, we describe how companies apply their capex process, and how universities teach us to make capex decisions, lead to massive capital destruction. Almost all companies in all industries evaluate capex decisions in basically the same way.

English:

The Tail Wags the Dog

Spanish:

La Cola mueve al Perro

Portuguese:

O rabo abanando o cachorro

German:

Der schwanz wedelt mit dem hund

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