Laser Careers. Main Thing Careers. Portfolio Careers. - Reid Hoffman

Yet it is possible — indeed, necessary — to extend this personalized approach to all employees using the tour of duty framework. As the world has become less stable, you can’t just rely on a few stars at the top to provide the necessary adaptability. Companies need entrepreneurial talent throughout the organization in order to respond to rapid changes.

Part of the journey that we entrepreneurs are on is learning how to separate our winning instincts from our losing ideas. I think, as a rule of thumb, if you’re a good entrepreneur you can assume that your instincts are right 95 percent of the time and your ideas might be right 25 percent of the time.

In public market investing, as in many things, you achieve big success when you’re both contrarian and right.