Capital allocation is the number one job of finance managers. I would suggest you to readThe Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Successby WilliamThorndike, where he talked about eight managers who did an excellent job in allocating capital.You can read Kyle Eschenroeder's summary of the bookhere.

• https://medium.com/@KyleEschenroeder/book-notes-the-outsiders-eight-unconventional-ceos-and-their-radically-rational-blueprint-for-757820036293
• What's one example of terrible capital allocation that we experienced in the last few years?