I recently sat down with Joshua Kennedy, Managing Partner of Sonian Capital Management (Boston, MA) and a Best Ideas 2016 ValueConferences instructor.  We had a terrific conversation on the art of investing in wide-moat businesses around the world and mental models.  One gem of worldly-wisdom from Joshua especially stands out:

One of my mentors once told me, ‘When everybody else is reading newspapers, you should read magazines.  When everyone else is reading magazines, you should read books.’  …There is a kind of durational arbitrage in information.  To me, when it comes to reading books, I am trying to read books that are not as widely read.  Which can be challenging, in part, because widely read books tend to be widely read because they are good.  

An off-the-beaten-path book recommendation, courtesy of Joshua Kennedy: