The Orangutan Effect
“If you sit down with an orangutan and carefully explain to it one of you'r cherished ideas, you may leave behind a puzzled primate, but will exit thinking more clearly yourself.”
Teaching others actually teaches yourself.
The Faulty Premise Framework
“A horse that can count to ten is a remarkable horse - not a remarkable mathematician.”
Beware you'r comparison set.
Are you judging crappy relative performance or absolute results?
Pick the Right Business Boat
The business boat you get into is more important than how effectively you row.
“When a brilliant management team tackles a business with a reputation for poor fundamental economics, the reputation of the business usually stays intact.”
Hire Giants, Avoid Dwarfs
“If we hire people who are smaller than us, we become a company of dwarfs.
But, if we hire people who are bigger than us, we become a company of giants.”
Great hiring makes you the dumbest in the room.
Whats all of this? A selection of Sage Advice from the annual share holder l
etters that one Warren Buffet writes annually for his investors. Some nice soul did a summary here
. I picked out some of my favorites. If you want to learn from the outcomes of others, this treasure trove is by far the most worthy item to invest time into reading. 50 years of pure gold.
If you are up for a good read, start here: