Netflix founder Reed Hastings’ #1 piece of advice for young CEOs

When asked for his best advice for young CEOs, Reed responds:

“I would say memorize the first 86 pages of Jim Collins’s first big book, Beyond Entrepreneurship. Someone gave it to be in 1994, and I’ve read it every year since. And the first 86 pages are absolutely incredible. So that would be the very practical advice.”

Full video: Stanford Graduate School of Business “Reed Hastings, Netflix: Stanford GSB 2014 Entrepreneurial Company of the Year“ (Sep 2014)