Q: Are you treating your employees like family or team players?

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charlie.munger.wisdom

2024-04-06 17:20:59

used to be a classic metaphor for companies was the family and you'd hire them and you'd be like we're a family you know we look after each other
and it's kind of baloney because you know it yeah you'll lay someone off in a way that you wouldn't you know your sister it's like you want them to work for you like they were a family member for free and cheap but you're not fully prepared to treat them like a family member if you're honest
and so really the professional relationship is like a sports team
and if you want to win a championship you've got to have incredible talent at every position
and so we say look we're like a professional sport not like your kids' soccer team but no like a professional sports team
where we pay people wow we want him to win
and if you have one bad game you don't like lose your position
but ultimately you're fighting for your position every year and that's how we feel about it it's oliver honest about it it's exciting because then
you can play really sophisticated sports so to do a blind pass and soccer and you just know the persons there
that's an art you need great teammates you know that you are so well rehearsed and you know so to do that you need great talent and that's fun to be around