Readwise Highlights

Small steps matter. Your ability to be at your best is linked to how strong you are when you’re weak. Being stronger, or sucking less, in critical moments can be transformational over time.

In other words, the key to the leader's public usefulness is his inner, unseen life. Character is what we are when no one is looking. The leader is leading all the time and, for the most part, unconsciously. Your holiness matters greatly to those you have been entrusted to lead.

If the need for holiness is one challenge I shall take from this book,

The only way to build wealth is to have a gap between your ego and your income.

Expected Annual Return = (1 + % Gain Needed to Recover)^(1/Number of Years to Recover) – 1 But since we know that the “% Gain Needed to Recover” is 50%, we can plug in this number and simplify this equation to: Expected Annual Return = (1.5)^(1/Number of Years to Recover) – 1 So, if you think the market recovery will take: 1 year, then your

Your warm-up should also include a strategic element. What is your game plan today on a strategic side?

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

Deuteronomy 6:7 says “teach” your children. The Hebrew word for teach is shenantum. It literally means “sharpen.”

“Let’s put price off to the side for a moment and talk about what would make this a good deal.”