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The Knowledge Project

The Psychology of Power | Michael Ovitz

The Knowledge Project

Shane Parrish

Society & Culture, Technology, Business

4.73K Ratings

🗓️ 3 February 2026

⏱️ 95 minutes

🧾️ Download transcript

Summary

Michael Ovitz co-founded CAA and helped reshape Hollywood, then took the same playbook into tech investing and advising founders. In this conversation, he breaks down the operating rules that kept CAA from losing clients, and the personal disciplines that kept him grounded when the stakes got massive. You’ll learn how to build momentum, tell the truth without hesitation, read for context instead of noise, hire people who raise the standard, and package ideas into outcomes. ----- Upgrade: Get a hand-edited transcript and an ad-free experience, along with my thoughts and reflections at the end of every conversation. Learn more @ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠fs.blog/membership⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ------ Approximate Timestamps: (00:00) Introduction (00:58) Learning Machine (03:41) You Don't Know Everything (08:17) How People Go Wrong (16:42) Don’t Fight Your Job (18:28) Managing Relationships (20:46) Hiring Top Performers (26:47) Never Get High on Your Own Supply (30:27) Identifying Greatness (33:28) Meeting Marc Andreessen (43:42) On Failure (47:48) The Smartest Person I Ever Met (52:49) The Genius of Patrick Collison (57:51) A Good Idea Taken Too Far (01:01:30) Information Consumption (01:14:13) Business Education Curriculum (01:16:28) Momentum (01:18:16) Packaging (01:24:43) What Would You Tell Your Younger Self? (01:26:30) The Importance of Trust (01:29:15) What is Success For You? ------ Newsletter: The Brain Food newsletter delivers actionable insights and thoughtful ideas every Sunday. It takes 5 minutes to read, and it’s completely free. Learn more and sign up at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠fs.blog/newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ------ Follow Shane Parrish: X: ⁠⁠⁠⁠⁠⁠https://x.com/shaneparrish⁠ Insta: ⁠https://www.instagram.com/farnamstreet/⁠ LinkedIn: ⁠https://www.linkedin.com/in/shane-parrish-050a2183/⁠ Follow Michael Ovitz: LinkedIn: https://www.linkedin.com/in/mikeovitz/ Book: https://amzn.to/4kn9jb9 ------ Thank you to the sponsors for this episode: Granola AI, The AI notepad for people in back-to-back meetings: https://www.granola.ai/shane Check out the Granola Notes Download The League App today and find your perfect match! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I didn't go into business to win a popularity contest.

0:03.0

I went into business to win.

0:05.0

You know, when Michael Crichton gave me the book of Jurassic Park,

0:10.0

I put the right director with it, Stephen Speeler.

0:13.0

There was no second choice.

0:15.0

You had a front row seat to Hollywood for a long time.

0:19.0

Where did people go wrong? I thought these powerless

0:22.6

that they developed in the entertainment business were just sheer nonsense. It's an ephemeral

0:28.1

thing power and it's fleeting and it doesn't last. And if you don't believe that, take a look

0:33.3

at anyone that's had it. It's like a lease. It has a closed end and never a good one. I have been viewed

0:41.4

by a lot of my friends as the world's best friend and the world's worst enemy. Success to me is

0:48.8

I think that's the most beautiful answer I've heard in 200 and some episodes.

0:57.6

One of the things that I admire about you is your voracious appetite for learning.

1:02.9

And you started in the William Morris File Room and you had access to all these.

1:07.4

But it was like you, David Geffen, Barry Diller, all the same sort of path in

1:12.7

the file room reading the history. What's the modern equivalent of that, do you think, for people

1:18.1

out there wanting to get ahead at work? Well, I don't, I, you know, it's a really great question.

1:22.5

I'm not sure, frankly, because one of my, I, I love the internet and I love being on my computer to the point

1:31.0

where my significant other wants to kill me sometimes because I just love surfing through

1:41.1

the internet and going down rabbit holes.

1:47.7

First of all, there's a... David Geffen and Barry Diller and I are very dissimilar human beings,

1:52.1

but we do share a couple of very similar traits.

...

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