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Finance ought to provide an economy with an efficient means of allocating capital.
Analysts say that McMillan did a poor job of allocating capital.
They have been very, very successful in allocating capital in social media.
If hedge-fund managers are looking for a model, they might look to Warren Buffett, who runs Berkshire Hathaway by letting the C.E.O.s of the companies Berkshire owns focus on strategy and operations, while Buffett focusses on his true strength, allocating capital.
What the market is not doing so well is its core public function: allocating capital efficiently.
America's financial system failed in its two crucial responsibilities: managing risk and allocating capital.
One thing markets are good at is allocating capital.
Buffet, while conceding his "ability to allocate capital," also declares himself to be lucky, or "fortunate," to be born in a nation where investing ability could best be exercised.
The first decision that one takes while building a RAP measure is whether the measure of capital at risk to be used in the RAP measure should be represented by allocated capital or utilized capital.
"I am the only person who has the ability to allocate capital".
A return to allowing governments to allocate capital would be no improvement.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com