Episode 31: Work is an auction house

In an auction house, the lot goes to the highest bidder. In a
very real sense, the highest bidder wins because no one else in
the room believed the lot was worth that much. This means that
the highest bidder almost certainly overpaid, and could have
secured the same lot with fewer resources. The auction house is a
useful analogy for work. In what ways might you be overpaying for
your returns? In this episode, I'll discuss how to increase your
ROI through the strategic allocation of resources.