Imagine someone comes along who demonstrably has slightly better judgment.They’re right 85 percent of the time instead of 75 percent.You will pay them $50 million, $100 million, $200 million, whatever it takes, because 10 percent better judgment steering a $100 billion ship is very valuable.CEOs are highly paid because of their leverage.Small differences in judgment and capability really get amplified.Demonstrated judgment—credibility around the judgment—is so critical.Warren Buffett wins here because he has massive credibility.He’s been highly accountable.He’s been right over and over in the public domain.He’s built a reputation for very high integrity, so you can trust him.People will throw infinite leverage behind him because of his judgment.Nobody asks him how hard he works.Nobody asks him when he wakes up or when he goes to sleep.They’re like, “Warren, just do your thing.”Judgment—especially demonstrated judgment, with high accountability and a clear track record—is critical.We waste our time with short-term thinking and busywork.Warren Buffett spends a year deciding and a day acting.That act lasts decades.Just from being marginally better, like running a quarter mile a fraction of a second faster, some people get paid a lot more—orders of magnitude more.Leverage magnifies those differences even more.Being at the extreme in your art is very important in the age of leverage.
You will pay them $50 million, $100 million, $200 million, whatever it takes, because 10 percent better judgment steering a $100 billion ship is very valuable.
Ex: You will pay them $50 million, $100 million, $200 million, whatever it takes, because 10 percent better judgment steering a $100 billion ship is very valuable.
Ex: You will pay them $50 million, $100 million, $200 million, whatever it takes, because 10 percent better judgment steering a $100 billion ship is very valuable.
Ex: You will pay them $50 million, $100 million, $200 million, whatever it takes, because 10 percent better judgment steering a $100 billion ship is very valuable.
Ex: You will pay them $50 million, $100 million, $200 million, whatever it takes, because 10 percent better judgment steering a $100 billion ship is very valuable.
Ex: You will pay them $50 million, $100 million, $200 million, whatever it takes, because 10 percent better judgment steering a $100 billion ship is very valuable.
Ex: You will pay them $50 million, $100 million, $200 million, whatever it takes, because 10 percent better judgment steering a $100 billion ship is very valuable.
Ex: You will pay them $50 million, $100 million, $200 million, whatever it takes, because 10 percent better judgment steering a $100 billion ship is very valuable.
Ex: You will pay them $50 million, $100 million, $200 million, whatever it takes, because 10 percent better judgment steering a $100 billion ship is very valuable.
Ex: You will pay them $50 million, $100 million, $200 million, whatever it takes, because 10 percent better judgment steering a $100 billion ship is very valuable.
Ex: You will pay them $50 million, $100 million, $200 million, whatever it takes, because 10 percent better judgment steering a $100 billion ship is very valuable.
Ex: You will pay them $50 million, $100 million, $200 million, whatever it takes, because 10 percent better judgment steering a $100 billion ship is very valuable.
Ex: You will pay them $50 million, $100 million, $200 million, whatever it takes, because 10 percent better judgment steering a $100 billion ship is very valuable.
Ex: You will pay them $50 million, $100 million, $200 million, whatever it takes, because 10 percent better judgment steering a $100 billion ship is very valuable.
Just from being marginally better, like running a quarter mile a fraction of a second faster, some people get paid a lot more—orders of magnitude more.
Ex: Just from being marginally better, like running a quarter mile a fraction of a second faster, some people get paid a lot more—orders of magnitude more.
Ex: Just from being marginally better, like running a quarter mile a fraction of a second faster, some people get paid a lot more—orders of magnitude more.
Ex: Just from being marginally better, like running a quarter mile a fraction of a second faster, some people get paid a lot more—orders of magnitude more.
Ex: Just from being marginally better, like running a quarter mile a fraction of a second faster, some people get paid a lot more—orders of magnitude more.
Ex: Just from being marginally better, like running a quarter mile a fraction of a second faster, some people get paid a lot more—orders of magnitude more.
Ex: Just from being marginally better, like running a quarter mile a fraction of a second faster, some people get paid a lot more—orders of magnitude more.
Ex: Just from being marginally better, like running a quarter mile a fraction of a second faster, some people get paid a lot more—orders of magnitude more.
Ex: Just from being marginally better, like running a quarter mile a fraction of a second faster, some people get paid a lot more—orders of magnitude more.
Ex: Just from being marginally better, like running a quarter mile a fraction of a second faster, some people get paid a lot more—orders of magnitude more.
例句翻译:仅仅因为稍微好一点,比如跑四分之一英里的速度快了几分之一秒,有些人就会得到更多的报酬——高出几个数量级。 分析:“a fraction of a second”是本句的固定搭配或关键结构,在这里表示“几分之一秒”;请结合整句理解并跟读。
fraction/ˈfrækʃən/
极小部分;分数
Ex: Just from being marginally better, like running a quarter mile a fraction of a second faster, some people get paid a lot more—orders of magnitude more.
Ex: Just from being marginally better, like running a quarter mile a fraction of a second faster, some people get paid a lot more—orders of magnitude more.
Ex: Just from being marginally better, like running a quarter mile a fraction of a second faster, some people get paid a lot more—orders of magnitude more.
Ex: Just from being marginally better, like running a quarter mile a fraction of a second faster, some people get paid a lot more—orders of magnitude more.
Ex: Just from being marginally better, like running a quarter mile a fraction of a second faster, some people get paid a lot more—orders of magnitude more.
Ex: Just from being marginally better, like running a quarter mile a fraction of a second faster, some people get paid a lot more—orders of magnitude more.
Ex: Just from being marginally better, like running a quarter mile a fraction of a second faster, some people get paid a lot more—orders of magnitude more.
Ex: Just from being marginally better, like running a quarter mile a fraction of a second faster, some people get paid a lot more—orders of magnitude more.
Ex: Just from being marginally better, like running a quarter mile a fraction of a second faster, some people get paid a lot more—orders of magnitude more.
Ex: Just from being marginally better, like running a quarter mile a fraction of a second faster, some people get paid a lot more—orders of magnitude more.
例句翻译:仅仅因为稍微好一点,比如跑四分之一英里的速度快了几分之一秒,有些人就会得到更多的报酬——高出几个数量级。 分析:“orders of magnitude”是本句的固定搭配或关键结构,在这里表示“数量级”;请结合整句理解并跟读。
orders/ˈɔrdərz/
订单
Ex: Just from being marginally better, like running a quarter mile a fraction of a second faster, some people get paid a lot more—orders of magnitude more.
Ex: Just from being marginally better, like running a quarter mile a fraction of a second faster, some people get paid a lot more—orders of magnitude more.