Principal-Agent Problem: Act Like an Owner
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If you think and act like an owner, it\\u2019s only a matter of time until you become an owner.
\\u2022 A principal is an owner; an agent is an employee 0:00
\\u2022 A principal\\u2019s incentives are different than an agent\\u2019s incentives 1:08
\\u2022 If you can work on incentives, don\'t work on anything else 2:15
\\u2022 When you do deals, it\\u2019s better to have the same incentives 3:15
\\u2022 If you\\u2019re an employee, your most important job is to think like a principal 4:05
\\u2022 Deal with small firms to avoid the principal-agent problem 5:29
Transcript:\\xa0http://nav.al/principal-agent
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