📚 Edwin's Highlights

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A batch of the best highlights from what Edwin's read, .

A friend of mine, the founder of a large, successful company, best expressed the power of teamwork when he once told me, “If you could get all the people in an organization rowing in the same direction, you could dominate any industry, in any market, against any competition, at any time.”

The Five Dysfunctions of a Team

Patrick M. Lencioni

For indeed, the investor’s chief problem—and even his worst enemy—is likely to be himself. (“The fault, dear investor, is not in our stars—and not in our stocks—but in ourselves….”) This has proved the more true over recent decades as it has become more necessary for conservative investors to acquire common stocks and thus to expose themselves, willy-nilly, to the excitement and the temptations of the stock market.

The Intelligent Investor, Rev. Ed

Benjamin Graham, Jason Zweig

Again, that is a very, very powerful idea. Every person is going to have a circle of competence. And it’s going to be very hard to enlarge that circle. If I had to make my living as a musician … I can’t even think of a level low enough to describe where I would be sorted out to if music were the measuring standard of the civilization.

Poor Charlie’s Almanack

Charles T. Munger, Peter D. Kaufman, John Collison, and Warren Buffett

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