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Published · transcript-backed

Speaker unverified: belief

30 Aug 2022 Acquired Howard Marks & Andrew Marks: Something of Value

“If you really dive into what people have done and why, and if they've made decisions based on their own judgment, and if they've learned and evolved, and if they've made decisions based on first principles, and we're willing to go against the herd, and we're willing to do things because they're passionate, and if their idea comes from specific knowledge of a real problem and a real deep understanding, I think you can evaluate judgment very well based on that.”

— Speaker unverified

Source trail

Everything needed to verify it.

Speaker
Speaker unverified
Attribution
Not verified from this transcript
Claim type
belief
Recorded
30 Aug 2022
Publisher
Acquired

Transcript context

…In CS, there was a book called Programming Interviews Exposed written by three ex Microsoft guys, and it was truly the way to whiz through any of these. Yeah, but you can't fake what you've done. If you really dive into what people have done and why, and if they've made decisions based on their own judgment, and if they've learned and evolved, and if they've made decisions based on first principles, and we're willing to go against the herd, and we're willing to do things because they're passionate, and if their idea comes from specific knowledge of a real problem and a real deep understanding, I think you can evaluate judgment very well based on that. I think that translates into hiring too. Really, understanding what people have done in the past and why. I think you can also test for specific skills in the hiring process. I think you want to understand why you want to hire someone, and then I think you can test against those things in real ways. It's funny. On the founders' thing, I was having a conversation with my dad about a potential angel investment recently. He was like, I know people always say the founder is the most important, but what is your view of what that actually means? I just barfed out this answer. Howard, sounds like your earlier story, it just came to you and I was like, are they a weirdo? In particular, are they a weirdo at something where they're four standard deviations from the mean at that thing? It could kind of be anything. But if this person can't be in the middle of the distribution at everything, or else, this startup will never be successful.…

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