While a great many investment conversations happen over dinner, can the investment community turn the tables and learn a valuable lesson from the restaurant industry? We propose that there are four ingredients in the recipe to maximise the chances of success in equity investing: enhancement of the potential return from skill, intelligent diversification, dynamic portfolio management, and cost control. Develop your palate: find the best managers “The quality of ingredients is important, but one must develop a palate capable of discerning good and bad. Without good taste, you can’t make good food.” – Jiro Ono (Jiro Dreams of Sushi) Just...