I think, for this to work, the trust must be earned and deserved. Munger says Berkshire operates with 100% trust but Berkshire is a unique company. Does a pilot fly better with 100% trust or some checking? A surgeon? How about a cashier?https://twitter.com/TheStoicEmperor/status/1078866531444871170 …
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Ceteris paribus, more trust is more better, but not-ceteris-paribus (i.e. real life) checking others work gets you huge gains.
7:01 AM - 29 Dec 2018
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