Goldman Sachs Vice Chairman told students: "most of you won't succeed" - then gave them the exact 18 rules he used to become the person Fortune 500 CEOs call first
"give your client advice that is against your own interest - that's the fastest way to earn trust - most bankers will never do this "
Goldman Sachs MDs make $1-3 million a year - this is exactly how they do it - in 23 minutes for free
"don't take no for an answer - from getting reservations at a restaurant to getting a billion-dollar client - never ever ever ever ever give up "
he said 15-min a day reading the Wall Street Journal will make you smarter than 90% of Wall Street within 6 months - no one does it
bookmark & watch today ↓
I stole this idea and now use it with every single employee.
It’s the best illustration I’ve seen of teaching someone to be high agency.
It says there are 5 levels of work:
Level 1: “There is a problem.”
Level 2: “There is a problem, and I’ve found some causes.”
Level 3: “Here’s the problem, here are some possible causes, and here are some possible solutions.”
Level 4: “Here’s the problem, here’s what I think caused it, here are some possible solutions, and here’s the one I think we should pick.”
Level 5: “I identified a problem, figured out what caused it, researched how to fix it, and I fixed it. Just wanted to keep you in the loop.”
Using this framework, here’s what I say to every new employee…
You will live at Level 4 from Day 1 and as we build trust you will rise to Level 5.
Being high agency doesn’t just mean tackling problems in this way. It means your entire way of working should be oriented to being a Level 4+ employee.
Plz feel free to steal it as well.
And ty @stephsmithio for the framework!
One of the most underrated finance books.
The author spent years inside the world’s greatest merchant banks.
These men had more power than most governments.
“You really have to work so hard. It’s so hard. And I think that’s misunderstood.”
Eileen Gu, the 22-year-old Stanford student, runway model, and only action-sport athlete to win three medals apiece at two Olympic Games (Beijing 2022, Milano Cortina 2026) has long been a subject of fascination. At Cannes Lions, she opens up about what people don't understand about being "the best" at their craft.
My favorite thing @om wrote was actually an interview with Brunello Cucinelli in 2015. And to this day, I think it’s the single best thing you can read on running a business. Better than any book, better than any article.
Read it:
https://t.co/Nq8cmtxILT