Strategy

During the Amortization Period, the music stops. No more new assets. All cash flows from existing assets go straight to paying down investor principal. This is usually triggered by time or performance metrics falling below certain thresholds. Putting a deal into an amortization phase more quickly is a risk mitigation feature that can help limit los

The opportunity lost by increasing the amount of blank space is gained back with enhanced attention on what remains. More white space means that less information is presented. In turn, proportionately more attention shall be paid to that which is made less available. When there is less, we appreciate everything much more.

Activities are consistent when they are jointly in tune with the firm’s strategy, even if they don’t reinforce each other directly. A high level of consistency or fit implies that the firm’s policies and practices are aligned together with its market position.

Here the advantage is firm-specific. Firms integrate their activities across countries to achieve lower costs through economies of scale or scope.

The attractiveness of vertical integration over buying from a supplier increases under two conditions: uncertainty and asset specialization.

1. Capital Velocity : Your equity dollar "turns" faster - instead of being locked in one robot, it can support the deployment of multiple robots over time.




2. Leverage Effect : Each equity dollar leverages debt capital (the AB facility) to deploy more total assets than equity alone could support.




3. Continuous Deployment : Capital recycling enabl