DIRS.INFO The most relevant business & tech news

☆ Reed Hastings shares the 3-word tactic that helped make Netflix a $240 billion company—it's called 'farming for dissent'
▼ + stars: | 2024-04-20 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

If you work for Reed Hastings, you'd better be ready to express your dissatisfaction. Good leaders seek out critical feedback whenever possible, the Netflix co-founder and chairman recently told entrepreneur Tim Ferriss' podcast, "The Tim Ferriss Show." "Because it's difficult, emotionally, in most companies to disagree with your manager, we call it farming for dissent," he added. "We have managers do things like [ask]: 'What are three things you would do differently if you were in my job?'" The strategies that didn't work served as learning opportunities, he added.

Persons: Reed Hastings, you'd, Tim Ferriss, Hastings, he'd Organizations: Netflix

☆ Netflix co-founder swears by ‘great business philosophy’ from Jeff Bezos: ‘Take a lot of risks on things that are recoverable’
▼ + stars: | 2024-04-18 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

When it comes to taking risks, Netflix co-founder Reed Hastings has an important rule of thumb. "I try to take a lot of risks on things that are recoverable," Hastings said in a recent conversation on entrepreneur Tim Ferriss' podcast. A two-way door risk is easy to take because it's reversible, so "you can come back in and pick another door," Bezos said. But a one-way door risk probably can't be undone. In 2017, Hastings told CNBC he was actually pushing his content team to "take more risk" in that regard.

Persons: Reed Hastings, Hastings, Tim Ferriss, Jeff Bezos, Lex, Bezos, — Hastings, Ferriss, Fortune Organizations: Netflix, Amazon, CNBC, Peace Corps Locations: Swaziland, Africa

☆ Here are 5 secrets of Netflix's success, according to Reed Hastings
▼ + stars: | 2024-04-06 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Reed Hastings, the streaming giant's cofounder and executive chair, walked through five key elements of Netflix's corporate culture on the latest episode of "The Tim Ferriss Show." Team, not familyNetflix is run like a top-tier sports team that aims to fill each position with the best person who's also a team player, Hastings said. Stacking its roster with exceptional performers maximizes Netflix's chance of success and also motivates, educates, and draws in even more talent. Advertisement"The reward for adequate performance is a generous severance package," Hastings said. "Sometimes if to help them grow I've got to be willing to argue with my manager, then that's okay," Hastings said.

Persons: —, Reed Hastings, Tim Ferriss, who's, Hastings, I've Organizations: Service, Business, Netflix

☆ Reed Hastings says he kept losing money as an investor so he sticks to owning Netflix stock and index funds
▼ + stars: | 2024-04-05 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In late January, he gifted 2 million Netflix shares worth $1.1 billion to the Silicon Valley Community Foundation. The donation slashed his direct stake in Netflix by about 40% to just under 3 million shares — a position valued at about $1.9 billion. The tech veteran's net worth is still around $6 billion, as he holds 3 million Netflix stock options and has sold about $2 billion worth over the years, per the Bloomberg Billionaires Index. Hastings has also donated vast amounts of money to education providers like charter schools and historically Black colleges and universities (HBCUs).

Persons: —, Reed Hastings, Tim Ferriss, I've, Hastings, Warren Buffett, Ferriss, Buffett, priding, Charlie Munger, Hastings —, he's Organizations: Service, Netflix, Business, Berkshire Hathaway, Hastings, Community Foundation, Bloomberg

☆ Barbara Corcoran shares the No. 1 trait her best employees have: 'They drove me crazy, but I admired my superstars so much'
▼ + stars: | 2024-03-09 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

The key to a "good life" is the ability to learn from your mistakes, according to Barbara Corcoran. "Recovering from failure, in my book, is 95% of life," Corcoran said. "If you're going to have a good life, you'd better be really good at getting back up, like a jack-in-the-box, boom, boom, boom. "They drove me crazy too, but I admired my superstars so much because of that ability ... You could punch them around. "Unfortunately, the only way to really learn is ... by tripping up and making many, many mistakes," said Corcoran.

Persons: Barbara Corcoran, It's, Corcoran, Tim Ferriss, you'd, Ferriss, They'd, Laurie Santos, —, she's, Mark Cuban Organizations: Corcoran Group, CNBC, Dallas Mavericks Locations: Yale, —

☆ 'Shark Tank' star Barbara Corcoran once made $1.2 million offloading 88 'dumpy' apartments in under 3 hours by treating them like puppies for sale
▼ + stars: | 2024-03-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Barbara Corcoran once made over $1.2 million by selling 88 apartments in less than three hours. The "Shark Tank" star modeled her strategy on a puppy sale she watched as a child. AdvertisementBarbara Corcoran once sold 88 lousy apartments within three hours, making her $1.2 million, by cribbing from a puppy sale she witnessed as a child. Advertisement"All these fancy city people have come to buy the puppies," Corcoran recalled her mother saying. "I had almost 180 people waiting for me, the morning of the puppy sale, the morning of the one-price sale," she recalled.

Persons: Barbara Corcoran, —, Jack Russell, Tim Ferriss, Corcoran, must've, Corcoran — Organizations: Service, cribbing, Corcoran Group Locations: New York, New Jersey, New York City, —

☆ I retired from Amazon at 34 and chose to settle in Canada, where I only need $1,000 a month to live well
▼ + stars: | 2024-03-05 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +10 min

He saved a lot of his paycheck and earned relocation bonuses for moving from city to city in the US. Lukin has moved to Quebec City, where his rent is about $500 a month and he can afford to go out. Basically, you don't necessarily have to be broke or be "frupid" — when you make stupid decisions just to save money and it backfires. I visited Quebec City to do some apartment hunting and just absolutely fell in love. When my lease in Toronto ended in September 2021, I packed everything up into a U-Haul trailer, sold my car, and moved to Quebec City.

Persons: Grigory Lukin, Lukin, —, It's, Tim Ferriss, Kia, it's Organizations: Quebec City, Service, FIRE, Amazon, Brexit — Locations: Quebec, Russia, Seattle, Lukin, California, Reno, Las Vegas, Fort Worth and Tampa, Fort Worth, Tampa, Brexit, Brexit — Poland, Canada, Australia, Toronto, Quebec City, United States, British Columbia

☆ Meta CTO: How to work under Mark Zuckerberg's 'Eye of Sauron'
▼ + stars: | 2024-03-04 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Meta CTO says Mark Zuckerberg uses the 'eye of Sauron' to assess the company's most important tasks. Employees should also aim to work on less flashy projects with equally high importance, he said. AdvertisementMeta CTO Andrew 'Boz' Bosworth said that employees should always try to work on projects of the highest importance. And at Meta, that comes with Mark Zuckerberg's 'Eye of Sauron.' If you haven't watched the Lord of the Rings, the Eye of Sauron is the ever-watching gaze of the Dark Lord, which Frodo and his companions must avoid.

Persons: Mark Zuckerberg, Andrew ' Boz, Bosworth, —, Mark Zuckerberg's, Zuckerberg, Tim Ferriss, Frodo Organizations: Service, Business

☆ Opinion: ‘Self Reliance’ takes on American individualism at its most absurd
▼ + stars: | 2024-01-12 | by ( Opinion Noah Berlatsky | ) edition.cnn.com time to read: +9 min

CNN —Hollywood films of diverse genres have one point in common — they’re all about the most important person in the universe. That most important person could be an amnesiac assassin fighting a mysterious government conspiracy, or some guy (or girl) seeking true love. They are the main character; everyone else is secondary. The goal of life is success and self-actualization as the main character of your own dream. He’s the most important person in a whole range of familiar narratives, all crammed haphazardly into a 90-minute run time.

Persons: Noah Berlatsky, Noah Berlatsky Noah Berlatsky, Tony Robbins, Deepak Chopra, Tim Ferriss, Marianne Williamson, Jake Johnson’s, you’d, Tommy Walcott, Johnson, Natalie Morales, Andy Samberg, John Wick, baddies, Tommy, isn’t, Maddy, Anna Kendrick, —, he’s, squinty, “, ”, Ralph Waldo Emerson, Tommy isn’t, what’s, Barbie ”, “ Oppenheimer, we’d, you’ve Organizations: CNN, Hollywood, Truman Locations: Chicago

☆ Mark Zuckerberg's daily routine: The schedule of the Meta CEO who wears the same thing every day and trains with MMA fighters
▼ + stars: | 2023-11-25 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

"For every hour of meeting that I have, the team sends out the pre-reads in advance. I want to have at least an hour to read the materials and think about it. And then I want to have at least an hour to follow up with different people after the meeting." As for his approach to work, colleagues have likened Zuckerberg's undivided attention to the Eye of Sauron. And if you point that at any given team, you will just burn them,'" Zuckerberg told Tim Ferriss last year.

Persons: Zuckerberg, Charles Platiau, Forbes, Sauron, Tim Ferriss, you'll

☆ Daniel Ek's daily routine: Spotify's Swedish CEO does his best thinking on morning walks and sometimes doesn't start his work day until 11 a.m.
▼ + stars: | 2023-11-08 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +4 min

Spotify CEO Daniel Ek starts his day later than many other major CEOs. After his walk, Ek sets time aside to read for 30 minutes to an hour — sometimes the news, but also an "ever-rotating stack of books." AdvertisementAdvertisementEk's work day usually starts around 10:30 a.m., but sometimes might even start later. On a 2020 episode of the Tim Ferriss show, Ek said he didn't start his work day until 11 a.m. that morning. During the work day, Ek likes to keep his calendar relatively open, unless he's traveling and can't keep to his normal schedule.

Persons: Daniel Ek, Ek, —, he's, — Read, Tim Cook, Steve Squeri, he'll, Tim Ferriss, Forbes Organizations: Service, Apple, Spotify Locations: Swedish, unwind

☆ How to build a 7-figure business in a year: Start with selling your time and level up to selling a product
▼ + stars: | 2023-07-31 | by ( Tim Denning | ) www.businessinsider.com time to read: +12 min

Once you have people in your corner, start with a free product and graduate to a paid product. That means you don't need heaps of leads or millions of followers on social media. Offering a free product may make you feel like you want to pee your pants. But what you need to do is get over it and offer a free product, which will be the foundation for a paid product later. This one technique has made the goal of making seven figures online attainable for so many more people.

Persons: Tim Denning, Get, it's, Dan Koe, Dan Go, Matt Grey, Todd Brison, Zach Progob, Dakota Robertson, I've, bro, Nicolas Cole, Ali Abdaal, Read, That's, you've, Tim Ferriss, Doreen, she'd, it'll Organizations: Service, CNBC Locations: Wall, Silicon, Australian

☆ Benchmark's Bill Gurley calls Silicon Valley Bank's collapse 'a black swan event' at SXSW, and casts aside criticism of the move to secure its depositors
▼ + stars: | 2023-03-13 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +2 min

Benchmark's general partner Bill Gurley defended the decision to cover SVB's depositors. The venture capital veteran spoke briefly about the bank after interviewing Tim Ferriss at SXSW. Gurley called Silicon Valley Bank's collapse a "black swan event." Gurley retweeted US Senator Mitt Romney Sunday night after federal regulators announced that depositors in Silicon Valley Bank would have full access to their cash. Bill Gurley shared his thoughts at the end of a conversation with Tim Ferriss at SXSW.

☆ Warren Buffett Wannabes Lose Luster
▼ + stars: | 2023-02-25 | by ( Laura Forman | ) www.wsj.com time to read: 1 min

Warren Buffett’s slow-and-steady approach to investing wasn’t popular in recent years with younger investors, who often sought advice from influencers and pundits. Warren Buffett , who has earned Berkshire Hathaway investors over 35,000% since 1978, once said that “the stock market is designed to transfer money from the active to the patient.” Now many younger investors who had been seeking shortcuts are coming around to his way of thinking. In 2008, just as the seeds of the recent tech boom were being sown in the ashes of the financial crisis, Tim Ferriss, bestselling author of “4-Hour Workweek,” which told readers how to “join the new rich,” snagged a coveted microphone at Berkshire Hathaway’s annual meeting. With a shaky voice, he asked Mr. Buffett and his business partner, Charlie Munger , how a 30-year-old with his first million dollars in the bank should invest.

☆ The Russia-Ukraine war will continue into 2024 and any definitive outcome has risks, a veteran investment chief and former Moscow-based journalist says
▼ + stars: | 2023-02-25 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Rhys Williams, chief investment officer of Spouting Rock Asset Management. Spouting RockRhys Williams is the chief investment officer at Spouting Rock Asset Management. Phil Rosen: What are the implications for financial markets of Russia's war on Ukraine? What do you think of Williams' insights on markets and the Russia-Ukraine war? The Reddit-loving day traders are back in a big way, piling record amounts of cash into stocks to start the year.

☆ Kristen Bell: In business, 'I don't have an MBA,' so I make up for it with 'emotional intelligence'
▼ + stars: | 2023-02-18 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

For most of her career, Kristen Bell had more experience in front of cameras than in boardrooms. At those companies, Bell initially felt "out to sea" when her colleagues discussed "ROI and endcaps," Bell recently told Real Simple. So instead of trying to keep pace with business jargon, she leaned into her own strengths to facilitate better communication among employees. "I don't have an MBA," Bell, 42, said. So when Bell experiences imposter syndrome at either of her two businesses, she leans into her emotional intelligence and communication skills to overcome those doubts.

☆ I read 'The 4-Hour Workweek' and it's helping me work less and find more time in my day for living. Here are my 4 biggest takeaways.
▼ + stars: | 2023-02-10 | by ( Alli Hoff Kosik | ) www.businessinsider.com time to read: +8 min

Alli Hoff Kosik is a freelance writer who recently read "The 4-Hour Workweek" by Timothy Ferriss. Having read Ferriss' book only recently, I don't feel quite ready to begin cutting my work hours way down. I especially appreciated the following takeaways from "The 4-Hour Workweek." Tim Ferriss is the author of "The 4-Hour Workweek" and a proponent of "mini retirements." "The 4-Hour Workweek" argues you can work less and still get stuff done.

☆ Ketamine is being sold as a depression wonder drug. For some, it's making everything worse.
▼ + stars: | 2023-01-25 | by ( Anna Silman | ) www.businessinsider.com time to read: +42 min

The infusions at the ketamine clinic in his West Texas hometown were a Christmas gift from his grandmother. About five years ago, more and more of my friends started using ketamine recreationally. IV ketamine treatment centers charging $400 to $2,000 an infusion popped up all over the country. "Ketamine used as directed in an appropriate clinical setting very rarely leads to any dependence," Mindbloom says on its website. Like Nadia, most of the people I interviewed said when they started using ketamine, they didn't think it was possible to become dependent on it.

☆ Silicon Valley's not-so-secret thing for turning everyone into millionaires is angel investing. Here's how they do it.
▼ + stars: | 2022-10-11 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +10 min

Once only for the superrich, angel investing is now open to anyone with a few thousand dollars. With an estimated 360,000 active angel investors, it's become a favorite pastime in Silicon Valley. "It felt like gambling," David Spreng, a veteran venture-debt investor who's been angel investing as a side hustle for more than a decade, said. He wrote his first angel check shortly thereafter, a $1,000 investment in an electric-aircraft maker. The currency of Silicon Valley"Your currency, for lack of a better term, in Silicon Valley is you either started a company or you angel invest, right?"

☆ Johns Hopkins, Yale, and NYU are teaming up to tackle a key bottleneck that will arise as psychedelics come to market
▼ + stars: | 2022-03-10 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +6 min

Johns Hopkins University, Yale University, and New York University announced on Thursday they were collaborating to create a psychedelics curriculum for psychiatrists. Benjamin Kelmendi is an assistant professor of psychiatry at Yale University and a codirector of the Yale Program for Psychedelic Science. YaleNYU's Ross told Insider it was "daunting" to think about the sheer number of therapists that needed to be trained to expand access for patients. Researchers are working to fill the gap that exists between psychedelics and the medical systemChristopher Pittenger is a codirector at the Yale Program for Psychedelic Science. YaleDr. Benjamin Kelmendi, a codirector of the Yale Program for Psychedelic Science, told Insider that he saw psychedelics as having broad applications that will attract other branches of medicine.

Search resuls for: "Tim Ferriss"

20 mentions found