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Circle of Competence Issue #73

QUOTE OF THE WEEK

“It is a profoundly erroneous truism, repeated by all copy-books and by eminent people when they are making speeches, that we should cultivate the habit of thinking what we are doing. The precise opposite is the case. Civilization advances by extending the number of important operations which we can perform without thinking about them.” — Alfred North Whitehead

FOOD FOR THOUGHT

I'll go ahead and apologize, but this week's issue is massive because I've had ample time to read on vacation... and I read a LOT of great content.

Books I read:

Alexander Hamilton - (5/5). Ron Chernow is masterful in his treatment of Hamilton. I've been reading this for a few months and finally finished it. I took a few notes on my blog here.

Read through the Constellation Software (Mark Leonard) annual letters (5/5) and was going to take notes but found that Travis Wiedower has already done us the favor of producing highlights from his own reading. Link to content is here. They are some of the most open and honest public letters I’ve ever read. Ranks highly for educational style and honesty about operations right alongside Berkshire Hathaway and Fairfax Financial.

Reread CS Lewis' Mere Christianity - 5/5 for lucid thinking, simplicity, and brilliant analogies explaining morality, meaning, and Christian theology.

How the Scots Invented the Modern World - 3/5. This book got its point across and peaked early. I didn't finish it, but worth studying.