"What matters is **selecting people who are able, honest, and diligent**. Having first-rate people on the team is more important than designing hierarchies and clarifying who reports to whom about what and at what times." ([Location 227](https://readwise.io/to_kindle?action=open&asin=B01J2SLA5O&location=227)) *** Tags — [[quotes]], **See Also** -- [[Warren Buffett]], [[Charlie Munger]] **Source** — [[202308141129 — B — The Essays of Warren Buffett]]