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A batch of the best highlights from what Louis's read, .

In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time-none, zero.

Poor Charlies's Almanack

Charlie Munger

The Matthew Effect Transcript: Speaker 1 The square root of the number of people in a company accomplish half of the output, right?

Marc Andreessen on Elon Musk, Good Startup Ideas, How to Have the Courage to Think Independently and Finding a Co-Founder

The Aarthi and Sriram Show

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

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