Episode 1392 Scott Adams - Study Says Young Liberal Women Have Mental Problems, Translating CNN, More

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Back to episode — Episode 1392 Scott Adams - Study Says Young Liberal Women Have Mental Problems, Translating CNN, More

Context —

tuff. That's the good stuff. Morning stuff. That's a reference from "Land Before Time," one of the funniest scenes. By Will Ferrell? Well, on CNN I was reading an article about how the Republican-led states of Texas, Florida, Georgia, and some other ones have, quote, and this is the phrase from CNN, "seized on former President Donald Trump's lies about the 2020 election." They've seized upon his l…

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NN speak into a capital protest. A protest.

How about "courts find no widespread election fraud"? Put it in the translator. Courts find no widespread election fraud, and that translates to "blind man watches no movies this year." Well, that's just an analogy. That doesn't help me. Let me think. Blind man watches no movies. Well, of course, because he's blind. Because when you're blind you can't watch things. And if you're a court and nobody brings you a case that you're willing to hear, well, maybe you don't find any widespread election problems. Could be because there aren't any. Could be. Could be they didn't find any because there aren't any. It could also be because they didn't look for any. Either one of those two things would get you to the right place.

All right, here's some good news. Have you ever noticed that when people, let's say, invest in companies or even managers at big companies, they tend to make their decisions based on the personnel more than the details of the proposition? So if you're high up in management of anything, if you're a leader, you're usually depending on the person who brings you the idea to know if it's a good idea. Like, you can't independently know what all of your underlings know, so you just depend on them. So if you've got the right people, well, you got a good investment. Warren Buffett would tell you that they invest not only in solid businesses but they make sure that the management is solid. That's one of their top things. Of course, of course.

So if you're looking at any problem in the world and you're saying to yourself, if you're saying to yourself, "What's going to happen with that problem?" I think you look at the personnel involved and that will predict pretty well

Context —

. And so here's some good news. Michael Shellenberger is taking on fentanyl addiction and homelessness in California primarily. And let me tell you why that's good news. First of all, if you don't know Michael Shellenberger, you should follow him on Twitter. That's the first thing you should do, if for no other reason than to boost his voice. Because what makes him different from almost everybody…

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Wisdom from this episode

"When people invest in companies or even managers at big companies, they tend to make their decisions based on the personnel more than the details of the proposition. If you're high up in management of anything, if you're a leader, you're usually depending on the person who brings you the idea to know if it's a good idea. You can't independently know what all of your underlings know, so you just depend on them. If you've got the right people, well, you got a good investment."

Leaders and investors evaluate opportunities primarily by the quality of the people behind them, since they must rely on those people's expertise rather than knowing all the details themselves.

"If you're looking at any problem in the world and you're saying to yourself, 'What's going to happen with that problem?' I think you look at the personnel involved and that will predict pretty well."

To forecast the outcome of almost any problem, focus on the capabilities and character of the people involved rather than the apparent details of the situation.