→ same examples of strategies to follow

→ also take a look at the last principle (there are good notes there that might be useful here!!)

e.g. look at human psychology/statistical facts/assess fundamental value etc.

“get some edge where the market is inefficient and play your edge in the long run”

• using history/past performance
• absolute vs relative return
• idea: long best 100 businesses, short worst 100 businesses → think of this method when thinkin about an edge (positive expected value), if this will constistently make profit, its a good edge
• anticyclical investing as opposed to emotional investing