Uber CEO's best advice: bet on 'people, not companies' - Business Insider

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Uber's CEO says the best career advice he ever received came from the founder of Allen & Co — here's why he bets on 'people, not companies’

Dara Khosrowshahi, chief executive officer of Uber, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, July 10, 2018 in Sun Valley, Idaho.Uber

The Iranian American executive said his best advice came from Herbert Allen of Allen & Co., and that advice is to bet on people, not companies. It all comes down to being open to any and all opportunities, Khosrowshahi told Julie Sweet, the chief executive of Accenture, at a hotel luncheon hosted by the Economic Club of New York on Thursday. Not over-planning, he said, was the best advice he could offer to young people.

Confirmation bias is a logical fallacy that can hijack any decision humans make because the brain often sees challenges to beliefs as a threat. In other words, it's a human tendency to seek, interpret, and remember information that conforms to preexisting beliefs.in which Princeton and Dartmouth students were shown a game between the two schools. At the end, Princeton students remembered more fouls committed by Dartmouth, and Dartmouth students remembered more fouls committed by Princeton.

 

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