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dual-constraint capital sizing

Not Everything on the Balance Sheet Is Security

A company with two billion dollars of assets can discover it has seven hundred million of security. The gap is not an accounting error. It is five questions nobody asked. The Endurance Capital Series, Part Four  ·  The Dawgen Endurance Capital Framework™   An owner sits down to list what his company owns, because he...

The Pension Fund Has the Same Problem You Do

One side holds duration it cannot use. The other needs duration it cannot obtain. In this region, they have never been properly introduced. The Endurance Capital Series, Part Three  ·  The Dawgen Endurance Capital Framework™   A pension fund paying benefits in 2050 has an obligation twenty-five years long. To meet it without taking a...

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