Source: Fortune
Summary
Kevin Warsh, President Donald Trump’s pick to lead the Federal Reserve, shares his unorthodox path to success, from selling pencils at a horse track to becoming a top banker. Warsh credits his leadership skills to learning from experience and interacting with other leaders, rather than reading management books. He advises Gen Z to skip leadership books and instead study real leaders. Current Fed Chair Jerome Powell and former Chair Janet Yellen also emphasize the importance of experience and taking risks in leadership development.
Our Reading
The numbers tell one story.
Kevin Warsh’s journey from a horse track to the Federal Reserve’s top spot is a tale of hard work and learning from experience. He worked at Morgan Stanley, studied at Stanford and Harvard, and now may lead the Fed with a $250,000 salary. Warsh’s advice to Gen Z: ditch the leadership books and learn from real leaders. Jerome Powell and Janet Yellen agree, emphasizing experience and risk-taking. Warsh’s story sounds like a Horatio Alger tale, but it’s also a reminder that in the corridors of power, who you know often matters more than what you know.
