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← When a system's incentives produce bad behaviour, the blame belongs entirely to whoever created the incentives.
17 connected korrents · 17 moments on record from 13 Jan 2013 to 3 Sept 2026.
Everything filed under investing
investing
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venture capital
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stock market Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: When a system's incentives produce bad behaviour, the blame belongs entirely to whoever created the incentives. When a system's incentives produce bad behaviour, the blame belongs entirely to whoever created the incentives. Last stated 5 years ago
25 Jan 2022
MA
Marc Andreessen — holds since 2022-01-25 — tap for who they are
Same subject: Disasters come from organisational conditions, not from bad individuals, so blaming a person prevents the fix. — tap to centre the map on it Disasters come from organisational conditions, not from bad individuals, so blaming a person prevents the fix. Last stated 14 years ago
13 Jan 2013
WH
Wayne Hale — holds since 2013-01-13 — tap for who they are
Same subject: When politicians or executives offer a choice between two bad options, refuse the frame: reframe the question instead of accepting responsibility for either. — tap to centre the map on it When politicians or executives offer a choice between two bad options, refuse the frame: reframe the question instead of accepting responsibility for either. Last stated 11 months ago
30 Sept 2025
PD
Pavel Durov — holds since 2025-09-30 — tap for who they are
Same subject: Incentives drive all human behaviour, which makes a management team's incentives central to valuing a company. — tap to centre the map on it Incentives drive all human behaviour, which makes a management team's incentives central to valuing a company. Last stated 3 years ago
20 Feb 2024
BA
Bill Ackman — holds since 2024-02-20 — tap for who they are
Same subject: Keeping ineffective people is a debt owed to the effective ones, and promoting anyone whose merit is not obvious to everybody else erodes the culture. — tap to centre the map on it Keeping ineffective people is a debt owed to the effective ones, and promoting anyone whose merit is not obvious to everybody else erodes the culture. Last stated 3 months ago
2 Jun 2026
MP
Mark Pincus — holds since 2026-06-02 — tap for who they are
Same subject: A company owes its builders a moral contract: if they take the hill, leadership must work just as hard to unlock the value of what they built. — tap to centre the map on it A company owes its builders a moral contract: if they take the hill, leadership must work just as hard to unlock the value of what they built. Last stated 3 months ago
2 Jun 2026
MP
Mark Pincus — holds since 2026-06-02 — tap for who they are
Same subject: Systematising principled decision-making with AI is now the line between staying competitive and not; there is no position in between. — tap to centre the map on it Systematising principled decision-making with AI is now the line between staying competitive and not; there is no position in between. Last stated 3 months ago
10 Jun 2026
RD
Ray Dalio — holds since 2026-06-10 — tap for who they are
Same subject: Governments should pay a lot for children and let the people who respond reveal which cultural compromises are acceptable, rather than deciding in advance which value to give up. — tap to centre the map on it Governments should pay a lot for children and let the people who respond reveal which cultural compromises are acceptable, rather than deciding in advance which value to give up. Last stated 3 years ago
3 Oct 2023
RH
Robin Hanson — holds since 2023-10-03 — tap for who they are
Same subject: Work that runs against companies' commercial incentives will only get done by people whose income does not depend on those incentives. — tap to centre the map on it Work that runs against companies' commercial incentives will only get done by people whose income does not depend on those incentives. Last stated 5 months ago
22 Apr 2026
MK
Martin Kleppmann — holds since 2026-04-22 — tap for who they are
Same subject: A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. — tap to centre the map on it A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A company priced in the trillions is not thereby overpriced; the test is what revenues and margins that price actually requires. — tap to centre the map on it A company priced in the trillions is not thereby overpriced; the test is what revenues and margins that price actually requires. Last stated 9 months ago
3 Dec 2025
AD
Aswath Damodaran — holds since 2025-12-03 — tap for who they are
Same subject: A company that grows enough eventually has no need for investors. — tap to centre the map on it A company that grows enough eventually has no need for investors. Last stated a week ago
1 Sept 2026
PG
Paul Graham — holds since 2026-09-01 — tap for who they are
Same subject: Almost all of the dot-com era's exuberance turned out to be warranted; we remember the failures and forget the value that era created. — tap to centre the map on it Almost all of the dot-com era's exuberance turned out to be warranted; we remember the failures and forget the value that era created. Last stated a year ago
18 Aug 2025
BT
Bret Taylor — holds since 2025-08-18 — tap for who they are
Same subject: Almost no mutual fund earns the fees it charges, so most investors are better off buying an index fund. — tap to centre the map on it Almost no mutual fund earns the fees it charges, so most investors are better off buying an index fund. Last stated 3 years ago
20 Feb 2024
BA
Bill Ackman — holds since 2024-02-20 — tap for who they are
Same subject: An investor's starting point should be the portfolio that is best to hold independent of any tactical market view — tap to centre the map on it An investor's starting point should be the portfolio that is best to hold independent of any tactical market view Last stated 2 weeks ago
25 Aug 2026
RD
Ray Dalio — holds since 2026-02-19 — tap for who they are
NM
Nick Maggiulli — holds since 2026-08-25 — tap for who they are
Same subject: About 5% is the most common final ownership stake for the founder of a VC-funded startup that works out. — tap to centre the map on it About 5% is the most common final ownership stake for the founder of a VC-funded startup that works out. Last stated 2 months ago
18 Jul 2026
PL
Pieter Levels — holds since 2026-07-18 — tap for who they are
Same subject: AI factories and foundries are too capital-intensive for venture money; they need government or sovereign funds behind them. — tap to centre the map on it AI factories and foundries are too capital-intensive for venture money; they need government or sovereign funds behind them. Last stated 3 months ago
18 Jun 2026
LT
Lip-Bu Tan — holds since 2026-06-18 — tap for who they are
Same subject: Being formidable means getting what you want in any situation, and that is exactly why investors want it: a formidable founder's interests and theirs are the same. — tap to centre the map on it Being formidable means getting what you want in any situation, and that is exactly why investors want it: a formidable founder's interests and theirs are the same. Last stated 5 days ago
3 Sept 2026
PG
Paul Graham — holds since 2026-09-03 — tap for who they are