David Ogilvy, once known as “the creative king of the advertising world” wrote, If you ever find a man who is better than you are — hire him. If necessary, pay him more than you pay yourself. Look for people who will aim for the remarkable, who will not settle for the routine.”

Warren Buffet understands the principle that ‘iron sharpens iron’ and advises, “It’s better to hang out with people better than you…pick out associates whose behavior is better than yours and you’ll drift in that direction.”

The Bottom Line: Leaders surround themselves with intelligent, talented people who help keep them on the cutting edge.