Hire people for things you are good at. This way, you’ll know exactly what to look for in a candidate AND be able to evaluate that candidate’s work … - Auren Hoffman
" "Hire people for things you are good at.
This way, you’ll know exactly what to look for in a candidate AND be able to evaluate that candidate’s work meaningfully.
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Auren Raphael Hoffman
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great recruits are either high alpha, low beta.
High alpha means high, compounding impact/returns. Low beta means low risk and volatility. As an investor or employer, you want both—but they rarely coexist. High-return assets usually come with higher volatility, while low-volatility assets tend to deliver lower returns.
Big companies optimize for recruiting low beta people: predictable, repeatable outcomes with minimal volatility. Start-ups are more likely to focus on spiky high-alpha people.
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People that drop out of college are way worse off than people that never go in the first place (outside of outliers like Zuck, Gates, etc.) - all the debt, none of the benefit
its a huge policy failure that policymakers treat everyone’s higher ed completion probability as 100%. In reality the completion rate is roughly 50%.
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