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“But as incentives go, commissions are tricky. First of all, a 6 percent real-estate commission is typically split between the seller’s agent and the buyer’s. Each agent then kicks back roughly half of her take to the agency. Which means that only 1.5 percent of the purchase price goes directly into your agent’s pocket. So on the sale of your $300,000 house, her personal take of the $18,000 commission is $4,500. Still not bad, you say. But what if the house was actually worth more than $300,000? What if, with a little more effort and patience and a few more newspaper ads, she could have sold it for $310,000? After the commission, that puts an additional $9,400 in your pocket. But the agent’s additional share—her personal 1.5 percent of the extra $10,000—is a mere $150. If you earn $9,400 while she earns only $150, maybe your incentives aren’t aligned after all.”
― Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
― Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
“I just can’t believe that life would give us to each other,’ he said, ‘and then take it back.’
‘I can,’ she said. ‘Life’s a bastard.”
― Eleanor & Park
‘I can,’ she said. ‘Life’s a bastard.”
― Eleanor & Park
“Congress passed legislation requiring a five-year mandatory sentence for selling just five grams of crack; you would have to sell 500 grams of powder cocaine to get an equivalent sentence. This disparity has often been called racist, since it disproportionately imprisons blacks.”
― Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
― Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
“Holding Eleanor's hand was like holding a butterfly. Or a heartbeat. Like holding something complete, and completely alive.”
― Eleanor & Park
― Eleanor & Park
“There is no perfect fit when you're looking for the next big thing to do. You have to take opportunities and make an opportunity fit for you, rather than the other way around. The ability to learn is the most important quality a leader can have.”
― Lean In: Women, Work, and the Will to Lead
― Lean In: Women, Work, and the Will to Lead
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