Reed Hastings

I'm so happy now that Greg and Ted are doing such a good job on it and enjoying it.

It's all coming together.

I can't think of any significant lessons or regret.

You do have to feel your way along.

There are a few people who work for Warren Buffett.

He does one thing until he's 95, but I'm not really critical of that.

It's not what I would want for my life.

But, you know, it's up to him how he wanted to live his life.

Well, I think to be world class at anything, whether that's sports, cooking, business,

You have to be pretty maniacal and obsessive and intense, and it's not easy.

So I don't want to kid anyone that it's an easy life.

You have to definitely push hard and give a tremendous amount of energy, as I did to Netflix, which is part of why it's great at 62 to hand it over to people who are a decade younger, and they're super obsessive now.

So the Keeper Test is a Netflix shorthand for asking yourself, if one of your employees were quitting, how hard would you work to keep them to stay?

Would you try to change their mind?

And if you wouldn't, then you should proactively give them a generous severance package and try to recruit someone who you would feel that you would really try to keep them.

And so the typical employee test that people use is, did they screw up enough that they deserve firing?

So they have to really fail to deserve firing.

And we want to change that presumption to be, no, it's the people that you would fight to keep.

Those are the ones that you stay in.

If someone is not in that, then you should give them a package and move on.