When they do well, companies' management get very high bonuses.

They have therefore an incentive to get those metrics up.

And when you change incentives, you change behavior. And the behavior change was that management

became much more anxious to make short-term profits for themselves than they had to worry about

the long-term future of their companies. Imagine spending an hour with the world's greatest traders. Imagine learning

from their experiences, their successes, and their failures. Imagine no more. Welcome to Top

Traders Unplugged, the place where you can learn from the best hedge fund managers in the world,

so you can take your manager,

due diligence, or investment career to the next level. Before we begin today's conversation,

remember to keep two things in mind. All the discussion we'll have about investment performance

is about the past, and past performance does not guarantee or even infer anything about future

performance. Also understand that there's a significant risk of financial loss with all investment strategies,

and you need to request and understand the specific risks from the investment manager about their product

before you make investment decisions.

Here's your host, veteran hedge fund manager, Nealz Kostrup Larson.

Thank you. veteran hedge fund manager, Niels Kostrup Larson. For me, the best part of my podcasting journey has been the opportunity to speak to a huge range

of extraordinary people from all around the world. In this series, I have invited one of them,

namely Kevin Koldine to host a series

of in-depth conversations to help uncover and explain new ideas to make you a better investor.

In the series, Kevin will be speaking to authors of new books and research papers to better understand

the global economy and the dynamics that shape it so that we can all successfully

navigate the challenges within it.

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