Value of Judgment in CEO Decision Making

What is a tweetstorm?

A type of storm that occurs on Twitter
A longer series of threaded tweets (correct)
A random collection of tweets
A blog post on social media

What is the purpose of bolded questions in the text?

To separate different sections in a book
To indicate the end of a tweetstorm
To highlight important points in interviews (correct)
To emphasize key questions for readers

Why did Tim Ferriss make an exception to write the foreword?

Because he always writes forewords for books
Because he has known Naval for a long time (correct)
Due to the exclusive digital format of the book
To compile his own book

What is the advised action if encountering an unfamiliar word or concept in the text?

Look up the word or concept (C) Signup and view all the answers

What do citations indicate at the end of an excerpt in the text?

The source of the information (B) Signup and view all the answers

How are tweetstorms different from regular tweets?

They are threaded together in a series (D) Signup and view all the answers

What is the author's definition of wealth?

Having businesses and assets that generate income passively (A) Signup and view all the answers

What does technology do to production?

Centralizes it (C) Signup and view all the answers

What happens to something once it is no longer considered technology?

It is no longer considered technology (A) Signup and view all the answers

How does the author suggest one can become wealthy?

By creating new things that society wants and needs but doesn't yet have (D) Signup and view all the answers

What is mentioned as a lower productivity use of land in the text?

Renting out a house (D) Signup and view all the answers

What was technology that made J.D. Rockefeller rich?

Oil (C) Signup and view all the answers

Why are CEOs highly paid according to the text?

Because of their demonstrated judgment and leverage. (C) Signup and view all the answers

What does the text imply about Warren Buffett's judgment?

It is demonstrated, credible, and backed by a clear track record. (A) Signup and view all the answers

How does the text characterize the value of a slight improvement in judgment?

It can result in orders of magnitude increase in pay. (D) Signup and view all the answers

Why is Warren Buffett mentioned as an example of someone who wins?

For his high integrity and demonstrated judgment. (D) Signup and view all the answers

How does the text suggest that judgment is valued in business leadership?

By focusing on demonstrated judgment and accountability. (D) Signup and view all the answers

What does the text suggest about the importance of credibility in decision-making?

Credibility allows for infinite leverage from others. (D) Signup and view all the answers

What does the author imply about their dedication to work?

The author enjoys working and considers it play. (B) Signup and view all the answers

Why does the author believe no one can compete with them in their field?

Because they work sixteen hours a day, seven days a week. (D) Signup and view all the answers

What does the author suggest is the issue with lusting for money?

It creates a never-ending desire for more. (A) Signup and view all the answers

How does the author differentiate between money itself and the desire for money?

The author does not mention any differences between money and the desire for it. (B) Signup and view all the answers

What does the author suggest about the punishment for loving money?

It comes simultaneously with the love of money. (D) Signup and view all the answers

What does the author express about their choice of career path?

They are grateful they chose technology and science over other opportunities. (D) Signup and view all the answers

Why is having a relative mindset detrimental in business?

It creates jealousy and envy towards more successful individuals. (D) Signup and view all the answers

What is the main drawback mentioned in the text about being anti-wealth?

It prevents the development of a wealthy mindset. (A) Signup and view all the answers

What is one reason why optimists do better in the long run?

They are able to play both the money game and the status game effectively. (B) Signup and view all the answers

What is emphasized in the text as a crucial factor for achieving wealth creation?

Maintaining an optimistic and positive outlook. (A) Signup and view all the answers

Why do some individuals attack wealth creation according to the text?

To prevent wealth creation as they don't think it's achievable. (A) Signup and view all the answers

What fundamental games do people play in life according to the text?

The status game and the money game. (D) Signup and view all the answers