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**Q: What’s your favorite management insight?**
In the clip below, Keith Rabois shares the focusing framework he learned from Peter Thiel.
At PayPal, Peter gave everyone at the company exactly one thing to prioritize at a time.
Naturally, everyone rebelled—bright people want to do multiple things and it is almost insulting to be asked to do just one thing.
But Peter enforced this pretty strictly.
He would say: “I will not talk to you about anything else except for this one thing that I’ve assigned to you. I don’t want to hear about how great your doing in this other area. Just focus until you conquer this one problem.”
As Keith explains:
“*The insight behind this is that most people will solve problems that they understand how to solve. Roughly speaking, they will solve B+ problems instead of A+ problems. A+ problems are high-impact problems for your company but they’re difficult—you don’t wake up in the morning with a solution to them, so you tend to procrastinate… If you have a company that’s always solving B+ problems, you’ll grow and add value, but you’ll never create the breakthrough idea because no one is spending 100% of their time banging their head against the wall every day until they solve it.*”
Tweets From Michael McGuiness
@mikemcg0 on Twitter
The compound interest from many quick small iterations is greater than the compound interest from a few slow big iterations. Compound interest operates in most intellectual and social domains.
Learn From Times Iterate...
@naval on Twitter
11. Make Uphill Decisions: If you’re split between two decisions and don’t know which one to choose, default to the one that’s more difficult in the short-term.
(h/t @Naval)
21 Ideas From 2021:...
@david_perell on Twitter
...catch up on these, and many more highlights
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