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#95 Letter to a Friend Who Just Made a lot of Money by Graham Duncan
The Rabbit Hole
Allocating Decision Space Based on Credibility and Competence
In managing a pool of capital, credibility, proven competence, relationships, and integrity are crucial factors. Just like the Military's Joint Special Operations Command allocates decision space to team captains based on these factors, managing capital involves assessing individuals' credibility and competence to determine the appropriate level of autonomy.
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