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Enjoying life is far superior to being graded on your performance in life.
Sep 18, 2025
It is impossible to produce superior performance unless you do something very different.
It's simply not enough to just show up and do your work. Superior performance is not, never has been, nor will it ever be, the by-product of ordinary efforts.
Operational effectiveness and strategy are both essential to superior performance.
Over the long run, superior performance depends on superior learning.
The debate can be put in the form of the question: Resolved, that the best of money managers cannot be demonstrated to be able to deliver the goods of superior portfolio-selection performance. Any jury that reviews the evidence, and there is a great deal of relevant evidence, must at least come out with the Scottish verdict: Superior investment performance is unproved.
Because investors are not usually penalized for adhering to conventional practices, doing so is the less professionally risky strategy, even though it virtually guarantees against superior performance.
I have become increasingly convinced that the past records of mutual fund managers are essentially worthless in predicting future success. The few examples of consistently superior performance occur no more frequently than can be expected by chance.
So the first thing I learned about how to get superior performance is not to buy stocks that are near their lows, but to buy stocks that are coming out of broad bases and beginning to make new highs.
Every superior personality, and every superior performance, has, for the average of mankind, something mysterious.
The best way to inspire people to superior performance is to convince them by everything you do and by your everyday attitude that you are wholeheartedly supporting them.
I suppose it's unfair, tricks of argument that leave wounds, but with this sort of thing that (C.S.) Lewis does, what I feel is a craftsman's joy at the sight of a superior performance.
There is a great need for a new approach, new methods and new tools in teaching, man's oldest and most reactionary craft. There is great need for a rapid increase in the productivity of learning. There is, above all, great need for methods that will make the teacher effective and multiply his or her efforts and competence. Teaching is, in fact, the only traditional craft in which we have not yet fashioned the tools that make an ordinary person capable of superior performance. In this respect, teaching is far behind medicine, where the tools first became available a century or more ago.
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