Johanna

What’s causing the productivity slowdown? The subject is controversial among economists, and many different answers have been proposed. Some have argued that it’s merely that existing productivity measures don’t do a good job measuring the impact of new technologies. Our argument here suggests a different explanation, that diminishing returns to... See more

But consider this: Do you know anyone who doesn’t have any blind spots? I strongly doubt it. Then why would you be any different? As Dalio makes clear, you must be active in the process of open-mindedness: It won’t happen by accident.

One of the best ways to build a network is to develop a reputation for really taking care of the people who work with you. Be overly generous with sharing the upside; it will come back to you 10x. Also, learn how to evaluate what people are great at, and put them in those roles.

I don’t care when our employees come to work or what their schedules are. I don’t care where in the world they live (provided they have a great Internet connection). I don’t care how they do the work. I’m not going to micromanage. If you’ve really hired the best, they should be able to prove it with output and show their work.

You can create value with breakthrough innovation, incremental refinement, or complex coordination. Great companies often do two of these. The very best companies do all three.