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TIP494: The Worldly Wisdom of Charlie Munger
We Study Billionaires - The Investor’s Podcast Network
The Power of Incentives
Incentives are incredibly important in all areas of life. If an employer has a fixed path to climb the corporate ladder that everyone has to follow, I find that the incentives are actually misaligned between the two parties. It's much better to own a stake in the company where the managers actually have active stakes in the business.
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