Collection: Charlie Munger - #59 'How Gerry Salzman Deal With Each Individual'



[Transcript]

AUDIENCE MEMBER 00:08

Mr. Salzman. I have a question for you. Was wondering if you could please comment on how Journal Technologies implements the invariant strategy principles? Things like trust, getting employees to go all in, positive sum, and win/win relationships. Thank you very much.


CHARLIE MUNGER 00:28

Gerry that’s a simple question. How do you solve the problems of God?


GERRY SALZMAN 00:42

First of all you have to deal with each individual because each individual, each employee, each independent contractor that we have to work with, each client is different. And so you have to relate to their specific circumstance. You do not handle it because it’s in a checklist or something.


(Source: https://youtu.be/X1Oi3esiry8)

 

[YAPSS Takeaway]

Be flexible when human is involved.