This is a continuation of the last post.

In the last post, we discussed how we should focus on the big picture and pull the big levers to move things. In diet, it’s about cutting meals and cutting meat and putting in the hours in the gym or hit the road running 20 km per week. In investing it’s about understanding business models and putting in the hours reading annual reports. Needless to say, investing is also about margin of safety – the biggest lever, the most important concept.
We are really fortunately to be living in the 21st century in the developed world as food is never a problem. We can pretty much eat whatever we want, wherever we want. Our issue is having too many meals. The breakthrough concept should be this: we have 21 meals per week, how many meals should be a treat? Seven? One per …