Career Advice from Formula One's Toto Wolff

I'm sure there are a lot of people who would like to be in your shoes and want to eventually run a Formula One team, own a Formula One team, just work in Formula One. What kind of career advice do you give people? I think when I look at my own career, I tried to be a racing driver but with not the necessary funding to make it into go-karts and then into junior single-seater series. It is very difficult and I realized that it was a moment where it was important for me to understand for my later life, you need to be able to assess your own capability and you need to be brutally honest with yourself. Am I good enough for what I want to achieve or not? And I think I could have made it into Formula One but I saw that there is maybe a little difference between how I drove a car and all the others and then because of a lack of sponsorship, that door closed of the driving career and another one opened in banking and then another one opened in venture capital in the late 90s and so every part of my career or my entrepreneurship was important to bring me where I am today and I think in a day and age where young people have so much pressure to perform. You're looking at Instagram, you're reading the news and it seems like everybody is successful and everybody around the corner is a millionaire or a billionaire and I think I'm in my 50th chapter of my life and I think if you're at university or if you are in your first or second job, you're in your 25th chapter or 30th chapter and you just need to acknowledge that and I was in Harvard Business School yesterday and there was a young chap that said to me he'd love to work in Formula One and be a team principal one day but he wasn't clear that whether after finishing his studies he should accept the job offer from McKinsey or try to work in a Formula One team immediately and I very much encouraged him to work at McKinsey. I said if you have the honour to go to one of the best consulting companies in the world, then do that. You're going to look at different industries, you're going to learn and that will be a good solid pillar if you one day want to succeed in Formula One and not just only be a one-trick pony racing manager. And you encourage that everywhere. Your advice would always be to go and explore and when you were in your 25th, 26th chapter that you should be collecting as many experiences as possible? I didn't know that back in the day but I had a strong introspection always whether I thought something is good for me or not and I was in jobs for a year or two sometimes and I thought this is earning me money but it's not adding any value to my learning and so one door opened after the other but I didn't think about whether this was good or not but I really tried to encourage young people today and I do it with my kids as well, to say just let it pan out but if you're doing something then you may as well be doing it right and give it all you have. If that is not for you, then another door will open.