“Show me the incentive, and I will show you the outcome.” - Charlie Munger
This weekend I’ve been thinking a lot about incentive structures. (RIP Charlie Munger)
I don’t think I have any new “crispy realizations”, but here are a few related items:
- The Big Companies Will Never Catch Up
- Why small teams have a big advantage over large organizations, especially right now.
- Justifying Our Own Existence
- Bad incentives at Twitter led to a bloated codebase.
- Loonshots: How to Nurture the Crazy Ideas That Win Wars, Cure Diseases, and Transform Industries
- A very thought-provoking book about how to structure organizations to nurture innovation (via incentive structures).
- Advice Under Uncertainty
- “What is the ‘business model’ of the person giving me this advice?”.