Readwise Highlights

Failure is never fatal. It may feel like it for a while, but it is only a challenge. Keeping athletics in the proper perspective for our children helps them keep their problems in perspective.

Parents, we need to be their greatest supportive coach. It is our job to be the coach that we always wanted. Our actions shape their beliefs. We are the greatest influence on our children’s lives and in their development, stability, attitudes, likes, and dislikes. Children watch everything we do and learn by modeling behaviors and beliefs about our

Every assignment would be delivered in five versions: A three page version, a one page version, a three paragraph version, a one paragraph version, and a one sentence version.

The Impact Filter, as a one-page document, solves this most pervasive leadership conundrum, and is comprised of the following questions: What is the project? Purpose: What do you want to accomplish? Importance: What’s the biggest difference this will make? Ideal Outcome: What does the completed project look like? Best Result: If you do take action?

you’re ever stuck, find your own “in case of emergency” questions. Here are some examples: Listening to you, I can see you work hard. I have to pause and ask: what’s your motivation? Before we continue, I want to check in: how is this interview going for you? I hate to switch gears, but with so little time together, I have to ask you about … And if

Being productive is about occupying your time—filling your schedule to the brim and getting as much as you can. Being effective is about finding more of your time unoccupied and open for other things besides work. Time for leisure, time for family and friends. Or time for doing absolutely nothing.

Each quarter we try to study an admirable company and discuss it with our Operating Group managers and board members. We focus on high performance conglomerates that have demonstrated at least a decade of superior shareholder returns.

Focus on the IRR, not the margins. Margins are an output, not an input.

Oaktree’s investment philosophy doesn’t prohibit having opinions, just acting as if they’re right.

The company's strategy is simple. Acquire small vertical software businesses with little competition, apply best practices from past experience and repeat as often as possible.