Insightful Investor #51 - Alex Shahidi: Top 10 Insights of 2024 (Part 2)
Dec 17, 2024
Glenn August, Founder and CEO of Oak Hill Advisors, shares his expertise on scaling businesses while maintaining quality and culture. The conversation delves into overcoming adversity, highlighting personal stories of successful entrepreneurs and the pivotal role of company culture. Insights on investor psychology reveal how biases affect decision-making, while the importance of an adaptive investment strategy is emphasized. The discussion also tackles the layered nature of risk in investing, advocating for diversification to navigate market challenges effectively.
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Building a Great Business
- Build a strong narrative around overcoming adversity and achieving success.
- Balance IQ and EQ, either individually or within your team.
Scaling a Business
- Hire smart, caring, hard-working, and nice people who thrive in teams.
- Prioritize company culture and lead by example, aligning actions with words.
Behavioral Economics
- People struggle with actions aligned to long-term goals due to a disconnect with their future selves.
- Develop empathy for your future self to bridge this gap and make better decisions.
