â€œWell I think I’ve been in the top 5% of my age cohort all my life in understanding the power of incentives, and all my life I’ve underestimated it. And never a year passes but I get some surprise that pushes my limit a little farther.â€
Coming from Mr. Munger, incentives as the very first cause or bias in Human Misjudgment, learning about incentives is quite important. And now Tyler Cowen, an economist and author of very famous blog Marginal Revolution has written a complete book on incentives called â€œDiscover your inner economistâ€
To me one of the most beautiful sight to watch is some one doing their job efficiently. It could be a carpenter working on wood or a coder tapping on the keyboard. Browsing thru the excellant Santa Clara City Library I came across this book – _Execution-the dicipline of getting things done_. The word execution immediately struck a chord in me and brought the same feeling I wrote earlier. When I checked out the book from library, I was thinking of execution at a personal level. But it turned out focus of the book is much larger and it is execution at the organization level. In other words it is a good book for CEOs. But then somewhere in everyone there is this feeling to be one someday. So it was a good education to me on what CEOs face in day to day life. How organizations work and what does is the best way to run them.