None of us really likes honesty. We prefer deception —but only when it is unabashedly flattering or artfully camouflaged. Groups seem to need to believe that they are superior to others and that they …
As James Surowiecki illustrates in an excellent piece in the New Yorker, the pursuit of perfect fairness causes a lot of terrible problems in system function. Surowiecki calls this The Fairness Trap: …
Ray Dalio, the sixty-one-year-old founder of Bridewater Associates, the world’s biggest hedge fund, offers the following management advice. Dalio says “Taken together, these principles are meant to …