You have to invest in the intellectual capital of the firm. That is your competitive advantage. Everything else can be replicated.
I don't hire economists. I hire physicists and mathematicians. Economists know too many theories. Scientists know how to find what is actually true.
The best thing I ever did was hire people smarter than me and get out of their way.
We try to hire people who are smart enough and creative enough to find things that nobody else has found.
The most important thing I've learned is that the quality of the people you work with is the most important variable in your success.
I'm Canadian. Nick is Canadian. We built Cohere in Toronto. Everyone assumed we'd move to San Francisco. We didn't. Toronto has the talent. The Valley has the hype. We chose talent.
We open-sourced most of our trading technology. People thought we were crazy. But open source attracted the best developers in India to work with us, and that talent is worth more than any proprietary code.
The globalization of talent is permanent. Companies that don't hire globally will lose to those that do.
Talent without work ethic is nothing. I was never the most gifted — I was the hardest working.
I don't hire one genius. I hire 50 geniuses and let them each do their thing. Diversification through different minds.
Investing is a people business disguised as a numbers business. Get the people right and the numbers follow.
Cristiano Ronaldo is the best player in the world. Bringing him to Juventus is a statement of who we are and where we want to go.