Johanna

Gupta recommends assigning people already within your company to act as bar raisers. (...) “Tell them their job is to ensure that somebody is going to be above the 50% bar of the folks already at your company for that role at that level.”

Mechanization doesn’t require replicating a human’s movement exactly. The greatest gains from mechanization occur when a complex human movement can be replaced with a simple mechanical movement. A ship’s propeller doesn’t move the same way a fish’s tail fin does - it replaces the back and forth movement of the tail with a simple rotation that... See more

Leveraging your company with talent increases your volatility - either you orchestrate a revolution, or you implode.

Take a chance. People in their 70s, 80s, 90s and beyond endorse taking risks when you’re young, contrary to a stereotype that elders are conservative. Their message to young people starting out is “Go for it!” They say that you are much more likely to regret what you didn’t do than what you did. As one 80-year old, successful entrepreneur told me:... See more

What the Fed is actually trying to do here—as opposed to the story it’s telling about what’s happening in the economy—is clear, yet extremely difficult: It is trying to destroy demand just enough to reduce excess inflation but not so much that the economy crashes. This a little bit like trying to tranquilize a raging grizzly bear with experimental... See more

Hiring is all about probabilities. When we evaluate a candidate, we are basically just trying to predict whether that candidate will be a success in the position being filled. We're trying to know the future, but we have no prophets and no Oracle.

I’ve observed thousands of founders and thought a lot about what it takes to make a huge amount of money or to create something important. Usually, people start off wanting the former and end up wanting the latter.

Workers are just inputs to the economic machine. When we create an identity around labor, we’re treating people as mere inputs. But people are more than just inputs. The economy is here to serve us, not the other way around. What matters is what we can get out of the machine. The people’s needs come first. Everything else is secondary. The economy... See more