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Returns Are Rooted in People
Fundamental beliefs about returns are critical for success, particularly the understanding that returns come from talent rather than just numbers. Many shy away from this concept because it is challenging to analyze and manage compared to financial metrics. Effective management of people requires more effort than simply overseeing financial statements. In-house training for CEOs typically involves candidates from MBA programs with diverse backgrounds, demonstrating that success can be achieved across various fields, including military, consulting, and investment banking.