A batch of the best highlights from what Edwin's read, .
But let’s say there are. That alone is not a sufficient condition for outperformance. All that means is that prices aren’t always fair and mistakes are occurring: some assets are priced too low and some too high. You still have to be more insightful than others in order to regularly buy more of the former than the latter. Many of the best bargains at any point in time are found among the things other investors can’t or won’t do.
The Most Important Thing Illuminated
Howard Marks, Paul Johnson
I had already learned that the trick to delivering superior hospitality was to hire genuine, happy, optimistic people.
Setting the Table
Danny Meyer
We can mostly understand the actions of cats and dogs from the outside looking in. But people are different: knowing something about the interior life of a person is necessary to understand why they do what they do and what it means to them. Fulfillment Stories get at the heart of action by looking at it from the inside out. Fulfillment Stories ask, “But why did that action mean so much to you?”