Join My Brain Food
A batch of the best highlights from what Louis's read, .
Meanwhile, some CEOs think as they talk, leaving people confused, trying to figure out what they are supposed to act on and what is just brainstorming. This leads to a reputation of “crazy-making,” since you seem like you’re constantly shifting what you want, reprioritizing—“moving the goalposts before I even understand the game,” as one frustrated executive once told me.
From Start-Up to Grown-Up - Grow Your Leadership to Grow Your Business
Alisa Cohn
The Principal Agent Problem
Summary:
Now, the principal agent problem pops up everywhere in micro economics. The way that they try to characterize it is that the principals incentives are different in the agent's incentives. So the owner of the business wants what is best for the business and will make the most money. The agent generally wants whatever will look good to the principal, or might make them the most friends in the neighborhood or in the business, or might make them personally the most money.
Transcript:
Speaker 1
Now, the principal agent problem pops up everywhere in micro economics. The way that they try to characterize it is that the principals incentives are different in the agent's incentives. So the owner of the business wants what is best for the business and will make the most money. The agent generally wants whatever will look good to the principal, or might make them the most friends in the neighborhood or in the business, or might make them personally the most money.
Principal-Agent Problem — Act Like an Owner
Naval
Layer 1: An ancient part of the brain, at its base, found in species from humans to geckos. This layer mediates automatic, regulatory functions. If body temperature drops, this brain region senses it and commands muscles to shiver. If blood glucose levels plummet, that’s sensed here, generating hunger. If an injury occurs, a different loop initiates a stress response.
Behave: The Biology of Humans at Our Best and Worst
Robert M. Sapolsky
...catch up on these, and many more highlights
Readwise