Principal-Agent Problem: Act Like an Owner

If you think and act like an owner, it’s only a matter of time
until you become an owner.


• A principal is an owner; an agent is an employee 0:00


• A principal’s incentives are different than an agent’s
incentives 1:08


• If you can work on incentives, don't work on anything else 2:15


• When you do deals, it’s better to have the same incentives 3:15


• If you’re an employee, your most important job is to think like
a principal 4:05


• Deal with small firms to avoid the principal-agent problem 5:29


Transcript: http://nav.al/principal-agent