Principal-Agent Problem: Act Like an Owner

Hosted byNaval Ravikant

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