📚 Edwin's Highlights

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

The arbs’ strategy, however, assumed that their estimate of value was right. Therefore, when the market moved against them, they only had to wait to make the money back. But “risk” defined this way—in terms of volatility—presumes the investor can be patient and wait. Anyone who borrows to invest may not have that luxury of time. Moreover, to enlarge a losing trade required extra capital stashed somewhere that could be forked over on a moment’s notice if the need arose.

The Snowball

Alice Schroeder

I don’t know about you, but I have very poor attention. I skim. I speed read. I jump around. I could not tell you specific passages or quotes from books. At some deep level, you absorb them, and they become threads in the tapestry of your psyche. They kind of weave in there.

The Almanack of Naval Ravikant

Eric Jorgenson, Jack Butcher, and Tim Ferriss

The problem is that no business plan survives first contact with customers.

The Startup Owner's Manual

Steve Blank, Bob Dorf

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

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