We should all have ego, but we should not be ego-driven in critical decision-making. We should be unpacking our behavioral biases constantly, and finding ways of mitigating them. I think those are examples where that screaming red flag of things that are structural that just provide a very poor future forecast for that company’s ability. Even if you were to fix it, if you don’t fix that psychological tendency, that framework for decision-making, it’s going to fail.
Posted in: Ego