Christo Pops

The most beautiful summary of the last 2 years of equity market activity by Howard Marks https://t.co/5Ma9Vcavwe

Howard Marks on the Markets: “When you buy the S&P 500 at a 23x P/E, your 10-yr annualized return has always fallen between +2% and –2%, IN EVERY CASE, EVERY CASE.” Today, the market sits at a 25x P/E. Add inflation… and your “returns” are negative. The chart... See more

Ron is the founder of Panera Bread, chairman of CAVA, and managing partner at Act III Holdings. He created the fast-casual dining category.

Here are 10 of the maxims I took away from this episode and my research:

1. Complexity kills more companies than competition.

2. Long-term greedy, not short-term stupid.

3. Commitment owns you. You don’t own it.

4.... See more

Writer and playwright Nora Ephron on agency:

“Above all, be the heroine of your life, not the victim.”