great recruits are either high alpha, low beta. High alpha … - Auren 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.

Auren Hoffman

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Alternative Names: Auren Raphael Hoffman

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Peter Thiel Paul Graham Warren Buffett Ben Horowitz Guillermo Rauch

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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 inve… - Auren Hoffman

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Works in ChatGPT, Claude, or Any AI

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