Capital
Where resources belong, what they should accomplish, and when holding them back is the stronger decision.
The Long View
Clear thinking about capital, ownership, and what lasts.
A Mejia V&H publication on the decisions behind durable businesses—how capital is protected, where it is deployed, what risk is worth accepting, and when patience is the better move.
Capital allocation · November 1, 2026 · 6 min read
Capital Has a Job
A practical framework for deciding when capital should protect, strengthen, expand, or wait—and how risk, liquidity, and due diligence shape that decision.
Read the noteThe territory
The work behind the outcome.
Ownership
The responsibility behind building, backing, and staying accountable to a business over time.
Judgment
How risk, evidence, liquidity, and patience shape decisions that need to hold up beyond the moment.
The long view
Growth attracts attention. Sound judgment is what gives it staying power.