Jeff Bezos reveals the simple phrase that saved him countless arguments running Amazon
"Disagree and commit is a really important principle that saves a lot of arguing"
"One of my direct reports would want to do something. I'd think it was a bad idea. We'd go back and forth and I'd often say, you know what, I don't think you're right, but I'm going to gamble with you"
"You're closer to the ground truth than I am. I've known you for 20 years, you have great judgment"
"At least then you've made a decision and I'm agreeing to commit to that decision. I'm not going to be second guessing it, sniping at it, or saying I told you so"
"I'm going to try actively to help make sure it works. That's a really important teammate behavior"
There could be a 10-20% pullback or we could continue higher
Be prepared, especially if you’re out here buying things on margin that you can’t take a loss on
it’s people making MD salaries monthly and people can’t fathom why said people wouldn’t want to work on wallstreet. they’re capped, but when independent, you’re not.