“At the core of an analytical edge is an ability to systematically distinguish between fundamentals and expectations. Fundamentals are a well thought out distribution of outcomes, and expectations are what's priced into an asset. A power metaphor is the [pari-mutuel] racetrack. The fundamentals are how fast a given horse will run and the expectations are the odds on the tote board. As any serious handicapper knows, you make money only by finding a mispricing between the performance of the horse and the odds. There are no 'good' or 'bad' horses, just correctly or incorrectly priced ones.” KnowsWellsRunningGivenAbilitySeriousFindingsExpectationsPerformancesHorseFundamentalsMetaphorEdgesCoreMaking MoneyBoardsOutcomesAssetsOddsDistributionTotes Author:Michael Mauboussin
“Research is fundamental; finding as much as you can and never giving up. I love the research. It is my "precise time". Not just for interviews but of footage, photographs never seen before. It is a painstaking process that satisfies me. The research never ends. I was still researching while I was promoting the Diana Vreeland book. I love reading books and going to original sources.” GivingStillsBookEndsReadingProcessSourceGiving UpFindingsResearchOriginalsFundamentalsPhotographInterviewsReading BooksPreciseNever Giving UpPromotingDianaLove Of Reading Author:Lisa Immordino Vreeland
“It doesn't really matter how much of the rules or the dogma we accepted and lived by if we're not really living by the fundamental creed of the Catholic Church, which is service to others and finding God in ourselves and then seeing God in everyone - including our enemies.” IfsMatterChurchEnemySeeingFindingsCatholicFundamentalsIncludingAcceptedCreedsDogmaCatholic ChurchService To OthersReally LivingFinding God Author:Martin Sheen
“You do not become good by trying to be good, but by finding the goodness that is already within you, and allowing that goodness to emerge. But it can only emerge if something fundamental changes in your state of consciousness.” IfsTryingStatesConsciousnessGoodnessFindingsFundamentalsBe GoodAllowingWithin YouStates Of ConsciousnessNew Earth Book:A New Earth (Oprah #61): Awakening to Your Life's Purpose Source: A New Earth (Oprah #61): Awakening to Your Life's Purpose