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When I was a sex slave, I had no say. I have promised myself that I will never have “no say” again.
“If you wanted to predict how people would behave, Munger said, you only had to look at their incentives. FedEx couldn’t get its night shift to finish on time; they tried everything to speed it up but nothing worked—until they stopped paying night shift workers by the hour and started to pay them by the shift. Xerox created a new, better machine only to have it sell less well than the inferior older ones—until they figured out the salesmen got a bigger commission for selling the older one. “Well, you can say, ‘Everybody knows that,’ ” said Munger. “I think I’ve been in the top five percent of my age cohort all my life in understanding the power of incentives, and all my life I’ve underestimated it. And never a year passes but I get some surprise that pushes my limit a little”
― The Big Short: Inside the Doomsday Machine
― The Big Short: Inside the Doomsday Machine
“Happiness is really just about four things: perceived control, perceived progress, connectedness (number and depth of your relationships), and vision/meaning (being part of something bigger than yourself).”
― Delivering Happiness: A Path to Profits, Passion, and Purpose
― Delivering Happiness: A Path to Profits, Passion, and Purpose
“If you give a good idea to a mediocre team, they will screw it up. If you give a mediocre idea to a brilliant team, they will either fix it or throw it away and come up with something better.”
― Creativity, Inc.: Overcoming the Unseen Forces That Stand in the Way of True Inspiration
― Creativity, Inc.: Overcoming the Unseen Forces That Stand in the Way of True Inspiration
Johan’s 2025 Year in Books
Take a look at Johan’s Year in Books, including some fun facts about their reading.
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