There are several ways to improve Drupal performance, and to be more honest, there are several ways to improve your infrastructure supporting Drupal (e.g. Web Server, MySQL Server, PHP opt-code cache, Varnish/Boost HTML cache, Application cache (Memcached/APC), Pagespeed (output compression/optimization), etc). You can also add gigs of RAM to your server, more processors and perhaps deploy your Drupal site on a cluster of 10+ dedicated servers. In the end, if your source code does not perform well, you will be just wasting CPU, Memory and Bandwidth and that equal money.