A Rant Against Maximization
medium.com
Saved by Andrew Tam and
A Rant Against Maximization
This Could Be Our Future: A Manifesto for a More Generous World
Yancey Strickler • 1 highlight
amazon.com
Peter Drucker said that “making money for a company is like oxygen for a person; if you don’t have enough of it you’re out of the game.” In other words, profitability is a performance requirement for all businesses, but it is not a purpose. Extending Drucker’s metaphor, companies who take profit as their purpose are like people who think life is ab
... See morePeter M. Senge • The Fifth Discipline
The same idea applies to investing. The continuous goal, in my case, is a portfolio that has distinct advantages versus the market along dimensions like value, momentum, capital allocation, etc. There are no price targets, no return targets, no staking my results on a given outcome for a given company. A goalless process like this is incredibly ha
... See morePatrick O'Shaughnessy • Growth Without Goals
