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Most people think about building a company as building a product. I think about it as building a system of people and incentives and culture that then builds the product. The product is an output, not the thing you're actually building.

Invest Like the Best with Patrick O'Shaughnessy
1h ago

When we look at the gap, what we recognize is a lot of the C-suite have the ability to shape the transformation or the change. And they have a lot to gain from it typically. So there's sort of built-in incentive for them to be excited about change and historically they've usually done well in change. That's how they've gotten to where they have. When you look at sort of the employee base, they have a lot less agency in it. So they aren't necessarily deciding on the change or part of the process. They're sort of the receivers of it. And anytime we don't have agency then we start to sort of buy in less to the change.

1w ago

In a courtroom full of untrustworthy, unreliable people all fighting with each other, did anyone even have a reputation left to lose?

3w ago

The 0.1% have their own transportation. They don't give a shit about 4-hour TSA lines. They have their own police forces. They live in buildings in neighborhoods that are of incredible security. They have their own health care. So what is their vested interest?

2mo ago

I think wanting to make money and help people are not mutually exclusive. I think there are a lot of people who do really good work and make a really good living doing it.

2mo ago

The lesson out of that which is sort of a textbook lesson which is that you don't want government picking winners and losers cuz a it's not very good at it and b even if it is good at it like to whom does that benefit a crew?

3mo ago

Prediction market players want to be the news, and they've even devised new, frankly unconvincing frameworks for why they should be considered legitimate sources of information — instead of just anything-goes casinos.

3mo ago

If you think that you will immediately be cut down in your society, you don't actually go out and hunt. You actually don't go out and bring back the the the big deer or whatever you're hunting the bacon. You don't bring home the bacon in the first place. You don't even try because you're so worried about this tall poppy syndrome in your society.

3mo ago

Formula One is three competitions in one: a 200mph battle of the world's best race car drivers, the world cup of engineering where thousand-plus person teams spend hundreds of millions designing cars from scratch, and — as one listener put it — the Real Housewives of the Garage, a soap opera of billionaire egos, team politics, and paddock drama.

3mo ago

Underscored — save the words that stop you in your tracks.

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