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

First, risk of loss does not necessarily stem from weak fundamentals. A fundamentally weak asset—a less-than-stellar company’s stock, a speculative-grade bond or a building in the wrong part of town—can make for a very successful investment if bought at a low-enough price.

The Most Important Thing Illuminated

Howard Marks, Paul Johnson

Any object viewed from a single perspective is two-dimensional. Our mind, empowered by previous experience, often completes the mental image, but the reality is that all we really know is our own unique angle on a situation. Everything else is informed guesswork.

On Character

Stanley McChrystal

At this point, each animal will be eating an amount of food that we will define as the subsistence level.

The Economy

The CORE team

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