Jeff Bezos on NYC spending:
"If we ran Amazon the way New York City runs their school system, packages would take 6 weeks to arrive, we would charge you a $100 delivery fee and when the package did finally arrive, it would have the wrong item in it."
Jeff Bezos on the wealth debate: "[Politicians] are using this age old technique of picking a villain and pointing fingers, but the problem is that doesn't solve anything."
A few years ago, someone at Bridgewater proposed that our facilities group (the people who take care of the building and grounds, food service, office supplies, etc.) should begin to report to our head of technology because of the overlap in the two areas (computers are a facility too, they use electricity, and so on). But having the people who are responsible for janitorial services and meals report to a technology manager would be as inappropriate as having technology people report to the person taking care of facilities. These functions, even if they're considered "facilities" in the broadest sense, are very different, as are the respective skill sets. Similarly, at another time, we talked about putting the folks who work on client agreements under the same manager as those who do counterparty agreements. But that would have been a mistake because the skills required to reach agreements with clients are very different from the skills required to reach agreements with counterparties. It would be wrong to conflate both departments under the general heading of "agreements," because each calls for specific knowledge and skills. #principleoftheday
@RayDalio I agree. We see it all the time. In most cases, the wrong team overseeing those facilities operations is clueless and makes the whole process very difficult. Resulting in a complete failure.
5 PM AST Friday, September 18 Key Messages for Hurricane #Teddy. Teddy is expected to pass Bermuda as a hurricane and then become a powerful post-tropical cyclone when it reaches Atlantic Canada. https://t.co/s3xt2f699R
The most meaningful relationships are achieved when you and others can speak openly to each other about everything that’s important, learn together, and understand the need to hold each other accountable to be as excellent as you can be.