The finance recipe for value creation can also easily be mapped to the way we think about our lives. The first step, “surpass the expected returns of your capital providers,” can be understood as saying that you should give more than you take; that is, return much more to the world than the considerable talents you’ve been given. The second step, “surpass those expectations for as long as you can,” is simply another way of saying never stop giving more than you take. Finally, “grow, so you can keep generating returns that are higher than your cost of capital” is just another way of saying that
...more
