Welcome to the Sunday Briefing newsletter where we share some of the interesting lessons in life, business, and investing that we’ve come across during the week.
What we’ve been reading
Bradley created a keyboard shortcut that triggered a system reset without the memory tests. He never dreamed that the simple fix would make him a programming hero, someone who’d someday be hounded to autograph keyboards at conferences. And he didn’t foresee the command becoming such an integral part of the user experience.
Rather than worry about whether now is the right time to buy, just keep buying. Market high or market low, just keep buying. You should think of buying investments like you buy food–do it often.
Quote of the week
Peter Kaufman on corporate culture.
“In my experience, a high-morale group, properly motivated and incentivized, can out-perform a low-morale peer group by a factor of 5X or more.
The typically untapped, latent potential of human beings is stunning, and can be unleashed by the right cultural framework. Unleashing that latent potential, is how, over three decades, Nucor and Glenair have respectively posted seemingly impossible compounded returns of 17% and 18%, with no losses or layoffs.”
All companies are systems that are part of larger systems.
Think through what happens to the system when the little things are tweaked, and there you have all the analysis you need.
If it’s too hard, the company is outside your circle of competence.
Have a great coming week,