Join 📚 Edwin's Highlights
A batch of the best highlights from what Edwin's read, .
When evaluating a potential acquisition, the cash flow the company generates is what sets the sale price of the company. It’s the driver behind the valuation and ultimately what you’re paying for. Anything outside of the company’s ability to generate cash is commonly not worth paying for at all. At its core, what you are buying is an asset that provides cash flow.
Buy Then Build
Walker Deibel
To begin, it’s important to see that mediums can be designed, not just inherited. What’s more: it is possible to design new mediums which embody specific ideas.
Why Books Don't Work
andymatuschak.org
With his lack of formal training and the need to read quickly, he started to look for patterns in the texts. He uncovered something perplexing, something which seemed to be present in nearly all of the most compelling novels ever written: characters in these novels rely on other characters to show them what is worth wanting. They don’t spontaneously desire anything. Instead, their desires are formed by interacting with other characters who alter their goals and their behavior—most of all, their desires.
...catch up on these, and many more highlights
Readwise