It is the sort of advice people who will never be in those positions hear and think it must be part of how rich business people operate. It is basic knowledge porn, like Malcolm Gladwell books, but with less sophistry.
From what I've learned about how rich business people operate, they don't even tend to bother with contractual shenanigans like this; if they perceive that they have the upper hand in a situation, they'll just effectively say, "fuck you, I do whatever I want".
> they don't even tend to bother with contractual shenanigans like this; if they perceive that they have the upper hand in a situation, they'll just effectively say, "fuck you, I do whatever I want".
This is how promises with anyone works. It's ultimately about trust and character.
This is basically a restating of how high-level rich people deals work; the contracts might exist, but it's really all down to trust and a handshake. If you do screwy things, you may find nobody willing to deal with you at all, contracts or no.
Bingo. If you really want to screw someone in a deal, you probably can regardless of contract. But, do that enough times and no one will work with you.
Yep, and it helps explain why you can have some rich guy complain about another rich guy who "screwed him over in a deal" for an hour, and then he casually mentions he has to go to lunch with him for a new deal. It's just business.
Malcolm Gladwell at least references actual studies -- there is a lot of hype and "science news reporting" BS in there, but there are at least kernels of ideas.
