O’Connor
Strategic Concepts & Mechanics
Primary Evidence
"“When I was in my upper twenties, the managing partner of O’Connor said, ‘David, we want to make you the global head of the fixed income and derivatives division of the bank,’ ” Solo recalled. “And I remember saying, ‘... that’s great, but don’t you think you’d be better off hiring somebody from Salomon Brothers who actually knows all this stuff?’ And [he] said, ‘You know what, we might actually lose nine months or a year by not hiring the guy who has more experience, but in the end, we’ve always succeeded by betting on the people who we think have the talent and work ethic—and who we know.’"
"“When I was in my upper twenties, the managing partner of O’Connor said, ‘David, we want to make you the global head of the fixed income and derivatives division of the bank,’ ” Solo recalled. “And I remember saying, ‘… that’s great, but don’t you think you’d be better off hiring somebody from Salomon Brothers who actually knows all this stuff?’ And [he] said, ‘You know what, we might actually lose nine months or a year by not hiring the guy who has more experience, but in the end, we’ve always succeeded by betting on the people who we think have the talent and work ethic—and who we know.’ ”"