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Principal-agent Problem: Act Like an Owner
Naval
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Principal-agent Problem: Act Like an Owner
Naval
Go to Podcast Page
Babak Nivi, Naval Ravikant
·
4 Clips
·
Jul 8, 2019
Principal-agent Problem: Act Like an Owner
Naval
0 Clips
·
Jul 8, 2019
Top Moments
If you think like the owner and you act like the owner, it's only a matter of time until you become the
owner
Think Like an Owner to Eventually Become An Owner
If you want to do something right, do it yourself, because other people just don't care
enough
The Principal-Agent Problem
People are much more honest with their actions than they are with their
words
You Have to Get Incentives Right to Get People to Behave Correctly
Almost all human behavior can be explained by
incentives
You Have to Get Incentives Right to Get People to Behave Correctly
Deal with the smallest firms possible... The bigger firms, all other things equal, are generally
worse.
Work With the Smallest Firms Possible; In Large Firms, the Principal and Agent Are Too Separated
If you can hack your way through the principal-agent problem, you've probably solved half of what it takes to run a
company
You Have to Get Incentives Right to Get People to Behave Correctly
Clips
1
The Principal-Agent Problem
friends
money
business
founder
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2
You Have to Get Incentives Right to Get People to Behave Correctly
work
invest
founder
money
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1
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3
Work With the Smallest Firms Possible; In Large Firms, the Principal and Agent Are Too Separated
work
hiring
0
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4
Think Like an Owner to Eventually Become An Owner
founder
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Transcripts
View Full Episode Transcript
Clips
The Principal-Agent Problem
You Have to Get Incentives Right to Get People to Behave Correctly
Work With the Smallest Firms Possible; In Large Firms, the Principal and Agent Are Too Separated
Think Like an Owner to Eventually Become An Owner
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