Year read: 2017
How strongly I recommend it: 8/10
(See my list of books I've read, for more.)Go to the Amazon page for details and reviews.
- It’s hard to trust management when they don’t eat their own cake.
- Owning a tiny portion of the company does not incentivize you to run it for shareholders because you yourself are barely a shareholder.
- Managers, board members, and CEOs need to have skin in the game (popularized by Nassim Taleb). The company they are managing needs to affect them. They should be invested in the company. No investment in one’s company looks bad. They have no incentive to produce. They are not affected.