📚 Edwin's Highlights

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Generally speaking, envy, resentment, revenge and self-pity are disastrous modes of thought. Self-pity can get pretty close to paranoia. And paranoia is one of the very hardest things to reverse. You do not want to drift into self-pity. I had a friend who carried a thick stack of linen-based cards. And when somebody would make a comment that reflected self-pity, he would slowly and portentously pull out his huge stack of cards, take the top one and hand it to the person. The card said, “Your story has touched my heart. Never have I heard of anyone with as many misfortunes as you."

Poor Charlie's Almanack by Charles T. Munger

Charles T. Munger

CHRISTOPHER DAVIS: It is also critical to spend time trying to fully understand the incentives at work in any given situation. Flawed incentives can often explain irrational, destructive, or counterintuitive behaviors or outcomes.

The Most Important Thing Illuminated

Howard Marks, Paul Johnson

The 4 Main Benefits Of Speed There are four major benefits of the speed strategy. Quality: your product gets better faster. Productivity: you and your team have more fun accomplishing more. Network activation: speed and momentum is seductive. You’ll generate more attention from potential customers, employees, press, and investors. Keep more equity in your company: your valuation will go up, and your costs will go down, reducing the need to raise more capital.

Speed X AI

nfx.com

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