Christo Pops
@christopops
Christo Pops
Sublime is a place where I can collect my thoughts and ideas as they arrive so that in the future I can readily synthesize.
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
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
Impatient with Effort
Writer and playwright Nora Ephron on agency:
“Above all, be the heroine of your life, not the victim.”
“Above all, be the heroine of your life, not the victim.”
Brain Food: Impatient with Effort
The most beautiful summary of the last 2 years of equity market activity by Howard Marks https://t.co/5Ma9Vcavwe