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The Dangers of Hero Worship: Nobody’s perfect. Buffett whiffed on Precision Castparts. Stripe whiffed on Fast. Investing is hard. Participation from high profile investors doesn’t guarantee success.
#119 - Fast: An Autopsy
kjlabuz.substack.com
In low‐trust environments, people quickly learn to play defense. They craft their actions based on how vulnerable they feel against the indifference or outright sabotage of their colleagues. They may well survive that way, but the organization as a whole will struggle. We cannot succeed when everybody is preoccupied with their personal survival, not the company's.
It’s far better when doing good work is sufficient. In other words, the less attached we are to outcomes the better. When fulfilling our own standards is what fills us with pride and self-respect. When the effort—not the results, good or bad—is enough. With ego, this is not nearly sufficient. No, we need to be recognized. We need to be compensated. Especially problematic is the fact that, often, we get that. We are praised, we are paid, and we start to assume that the two things always go together. The “expectation hangover” inevitably ensues.
Ego Is the Enemy
Ryan Holiday
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