Sublime

A great deal of strategy work is trying to figure out what is going on. Not just deciding what to do, but the more fundamental problem of comprehending the situation.

strategy produces a P&L better than this industry average baseline.

Which is what allows you to build more assets in your portfolio of intellectual capital (which is the most valuable asset of all).

It's important to understand that doing the right thing (good strategy) is much more important than doing things right (good tactics). This is why this book is short on tactics and long on strategies. Strategy is about defining the end-goals. Tactics is about the means to those ends. One thing that was crucial in formulating the strategy towards a

17. Class Struggles.

But if the trend is relevant, tailor it to your strategy.

But what I lacked in basic economics, I made up for with my ability to see patterns and develop new solutions and paradigms, and with the sheer will to turn my ideas into reality. Finance proved to be the means for me to learn about the world, form relationships, tackle significant challenges, and channel my ambition.

The goal of strategy is to earn superior returns on the resources you deploy, and that is best measured by return on invested capital.