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We Study Billionaires - The Investor’s Podcast Network cover image

TIP531: Mark Leonard: The Best Capital Allocator You've Never Heard of

We Study Billionaires - The Investor’s Podcast Network

NOTE

How employees move up in constellation

Leonard prefers to hire people from within rather than just hiring externally./nJust like how he prefers his holding company and his investments to be longterm, he wants to develop long-term relationships with employees at Constellation and then compensate those employees who perform well./nLeonard writes, a career path for an ambitious employee joining Constellation might be something like this. You immerse yourself in learning about the specifics of VMS economics. At some point, transition from analyst or knowledge worker into a leader of people. If you make sure that the team members are intelligent, energetic, and ethical people with whom you would want to work with for the rest of your career, it won't be long until you are running one of our business units./nWhatever vertical you end up in, that specialization, that focus, will require a multiyear effort to build a trusted network of employees, customers, other industry participants, and even competitors.

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