The smartest people I know:1. Obsessively read books2. Pursue new mental models3. Enjoy intelligent discourse4. Quickly admit when they're wrong5. Comfortable changing their opinion6. Surround themselves w/ intelligence7. Seek to understand every perspective on a topic ...

Business Strategy & Mental Models - Dando investor's approach focuses on business models that minimize risk while maximizing potential gains, exemplified by figures like Gates, Walt, and Branson [1] - Cloning existing successful business models can provide a significant advantage [2] - Microsoft's success is attributed to replicating external ideas [3] - Time management is crucial when starting a business, suggesting maintaining a day job for financial stability while allocating time to the new venture [3] - Various mental models such as low-hanging fruit, skin in the game, givers versus takers, and circle of competence are important [4] Investment Principles - Three key factors are important in investing [4] - The rule of 72, which calculates the time it takes for money to double, should be taught more widely [4]