Join 📚 Edwin's Highlights
A batch of the best highlights from what Edwin's read, .
We encouraged our top executives to learn to say three difficult things: I made a mistake (and this is what I learned from it). I don’t know (but I will find out). I need help (and here is my idea about how to get it).
The Stoic Capitalist
Robert Rosenkranz
In every domain, the outcome tail is wagging the decision dog. There’s a name for this: Resulting. When people result, they look at whether the result was good or bad to figure out if the decision was good or bad. (Psychologists call this “outcome bias,” but I prefer the more intuitive term “resulting.”) We take this resulting shortcut because we can’t clearly “see” whether the decision was good or bad, especially after the fact, but we can clearly see if the outcome was good or bad.
Merton found that scientists who published frequently and worked at “major” universities gained more recognition than scientists who were equally productive but worked at lesser institutions. In cases where several researchers made the same discovery at roughly the same time, the more famous scientist was usually credited with the breakthrough while his or her unknown peer became “a footnote.”
Plutocrats
Chrystia Freeland
...catch up on these, and many more highlights
Readwise