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Seeking Wisdom with David Cancel

#146: This Billionaire Investor Bet Big On Meritocracy (Here’s How He Did It & Why You Should Too)

Seeking Wisdom with David Cancel

Molly Sloan

Business, Entrepreneurship

5610 Ratings

🗓️ 25 February 2019

⏱️ 16 minutes

🧾️ Download transcript

Summary

Results matter, but how do you create a performance-based culture from scratch? Today on Seeking Wisdom, DC and DG talk about meritocracies – and why they think every high-performing business should be one. In a meritocracy, the best ideas rise to the top based on merit alone. DC shares his three-part framework for how to create a meritocracy and evaluate team members based on loyalty, harmony, and results.

Transcript

Click on a timestamp to play from that location

0:00.0

This is the first episode in the new studio.

0:05.0

So if you can't see right now, DC is why you need to go to YouTube and watch, subscribe on YouTube, because DC has setting up,

0:15.0

he has a, what is one of these things called? A cassette player?

0:18.0

What is this?

0:19.0

This is called the turntable. There is now a turntable in the studio. And I just put something on something tasty for you. Hopefully it'll play. This is where all the copyright laws are going to go right out the window. We're going to get banned off the game. We're going to get banned. So we're on YouTube. We do post every video on YouTube. But if you're not listening, so if you're listening in the car, at the gym, whatever right now, we have brand new studio here. I'm looking at behind me a picture of Anthony Bourdain. There's a... might not know how to turn the song. The subway map of New York City. I see Albert Einstein.

0:38.2

What is that?

0:38.6

Is that Andy Warhol?

0:40.1

Colin Kaepernick.

0:41.1

This is crazy.

0:41.9

So go to YouTube, check it out.

0:43.4

We're going to have a lot more stuff here. Albert Einstein? What is that? Is that Andy Warhol? Colin Kaepernick? This is crazy.

0:54.9

So go to YouTube, check it out.

0:56.4

We're going to have a lot more stuff here in the studio. It's plain, but we can't hear it yet because we don't want to get banned off here. But check out this studio right here. It's amazing. It's amazing. The home at the home at Becky hooked up the studio. and what she did was to ask me about visuals that bring back what it was like growing up in New York.

1:16.9

So we have bad brains, cromags, PMS over there.

1:20.9

We have CBGB shots.

1:22.9

We have Biggie Smalls, Anthony Bordane.

1:26.9

We have the Ramones. we have New York City subway

1:30.2

maps.

1:31.2

This feels like home.

1:33.2

Yeah, Patique Philippe because we respect the copywriting.

1:36.7

We have a shot over here.

1:38.5

If you don't know what that shot is in the corner right there, that is the building that's

...

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