On Incentives
"Never penalize those who work for us for mistakes or reward them for being right about markets. It will go to their heads, is counterproductive and, in any event, material compensation will not correlate with their ability to predict the future next time."
Site Search
Writings & Speeches
Since I am now in my 86th year, I ask you to “cut me some slack” for sending you this attachment. For, truth be told, I am not sure of my reasons:
It is not because I am insecure, though that may be part of it.
It is not because I want to be respected, though that may be part of it.
It is not because I want to be remembered by as yet unborn great grandchildren, though that may be part of it.
It is not because I was brought up by my parents to believe that there was nothing more important than public acclaim, though that may be part of it.
It is not because I want to live my life all over, though that may be part of it.
It is not because I want my grandchildren to see the psychic reward and pleasure that work can afford, though that may be part of it.
It is not because I’m into immortality, though that may be part of it.
It is not because I haven’t accomplished any work (other than an opera libretto not put to music) in the last 25 years, though that may be part of it.
It is not because I didn’t invest in Hamilton, though that may be part of it.
It is not because I want to beat my father at his game, though that may be part of it.
It is not because I don’t have the intellectual or emotional strength to do it again, though that may be part of it.
It is not because I have this weird idea that you will love me more, though that may be part of it.
It is not because I want to prove that I am almost as well known for my work as Iris is for hers, though that may be part of it.
I suspect that all of these things may be the reasons. I am not, however, the person, who, upset that his table was not ready at the restaurant, complained to the maître d’,
“Don’t you know who I am.” And the maître d’ replied, “No, who were you.”
So open the attachment and “cut me some slack.”
Love,
Papa/Dad/Gene