The document discusses the importance of hiring skills for leaders and avoiding costly mistakes. It notes that Zappos CEO Tony Hsiech estimated bad hires cost the company over $100 million. When interviewing candidates, leaders should assess their role expertise, leadership potential, ability to work as part of a team and solve problems, communication skills, and consistency. Leaders should also check for biases like only hiring those similar to themselves and avoid stereotypes. The best companies reinforce practices like maintaining high hiring standards, documenting feedback, including others in decisions, and focusing on skills over distractions.