Naval on Smash Notes

Principal-Agent Problem: Act Like an Owner

Naval

If you think and act like an owner, it’s only a matter of time until you become an owner. • A principal is an owner; an agent is an employee 0:00 • A principal’s incentives are different than an agent’s incentives 1:08 • If you can work on incentives, don't work on anything else 2:15 • When you do deals, it’s better to have the same incentives 3:15 • If you’re an employee, your most important job is to think like a principal 4:05 • Deal with small firms to avoid the principal-agent problem 5:29 Transcript: http://nav.al/principal-agent

Episode notes last updated on July 09, 2019 03:53

0:00
0:00

It looks like the are no segments for this episode yet.
Would you like to contribute?

Join the community ->