Readwise Highlights

There is a great lesson here for us. Sometimes God will deal with you directly, strengthening your faith alone in the wee hours of the morning when everyone else is asleep. But most of the time (we might say ten-elevenths of the time) God strengthens our faith through another person.

God sends us some Simon Peter who brings just the word of grace we

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

One: You have to train yourself to notice things. It's not 100% natural at first – it certainly wasn’t for me – but raising those antennae is a very worthwhile thing to do. And it snowballs: once I got started taking notes, I ended up taking more and more of them.

Two: Be very liberal about what you keep. If you're going through your notes, cross

You’ll get 10x better results by elevating good behavior rather than punishing bad behavior, especially in children and animals.

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

Read fewer forecasts and more history. Study more failures and fewer successes.

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.

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.

why you should invest: To save for your future self. To preserve your money against inflation. To replace your human capital with financial capital.