Illusory Superiority ("I know better than you bias") distorts people's perception of their or others abililites. It's a close relative of Dunning-Kruger, separated by the actual ability level of the person making the judgement. (Dunning-Kruger assumes low-ability.)
Davos has become a cult of personality rather than a true forum for thought leadership.
*My example would be Ray Dalio. I've read all his material, twice given the density with which he includes math that requires note taking. There's a level of arrogance and ego at play, most would reference Chicken Little with his constant rhetoric about the market collapsing later that day. Yet he speaks at every forum and has been right on a every 10 years table. "Principles" was a collection of toxic workplace guidelines with such buy-in that the open mental health struggles of staff were vilified or laughed at.
I completely especially about Dalio. Many experts speak of these topics in a fatalistic way. Much of which relies on social dynamics. I think the modern world has what I call a data bias. They think everything and every interaction cam be modeled and ignore the humanity that are the agents. Data and modeling are important but when we start to apply that yo individuals and groups treating like a input we will become the very people of Davos. I am just glad I learned the lesson while I am young and did not become the things I find troublesome.
Something that needs to be considered in this discussion is business schools, the disparities between what they purport to do and what they actually do -- especially at the elite level. Business schools purport to teach how to manage businesses. In my observation, they do what universities used to do before World War II and the GI Bill made them more egalitarian -- they are places where the scions of wealthy families mingle and form life-long relationships. I recently saw (and posted on FB) a video made by Elvira Bary, a Soviet-born US-based novelist and commentator of Russia, and lately the world -- consciously non-partisan. Bary talks about the Russian concept of "blat" -- connections, networks -- as something that is also found in the US. She talks about how we have misunderstood what Epstein was selling -- did not primarily sell sex, he primarily sold "blat" -- connections -- to the high elite of the United States and the UK. The A-listers in his "files" were people who wanted access at the highest level, which included an extraordinary number of top businessmen and politicians who have ended up at Davos. Bary's point is that the horror Americans have expressed is encouraging -- we ought to be horrified -- but what we need to understand most clearly is that such networks, which bypass and mock the ideals that the American elite promote in public, but mostly sidestep in practice, must be destroyed as symbols of power to mock the law and to laugh at actual merit -- all the cocktail parties and golf games and exclusive islands. It is not people we need to criticize, but the systems that enable such execrable people to maintain power.
This is a well constructed argument Antowan...
Illusory Superiority ("I know better than you bias") distorts people's perception of their or others abililites. It's a close relative of Dunning-Kruger, separated by the actual ability level of the person making the judgement. (Dunning-Kruger assumes low-ability.)
Davos has become a cult of personality rather than a true forum for thought leadership.
*My example would be Ray Dalio. I've read all his material, twice given the density with which he includes math that requires note taking. There's a level of arrogance and ego at play, most would reference Chicken Little with his constant rhetoric about the market collapsing later that day. Yet he speaks at every forum and has been right on a every 10 years table. "Principles" was a collection of toxic workplace guidelines with such buy-in that the open mental health struggles of staff were vilified or laughed at.
I completely especially about Dalio. Many experts speak of these topics in a fatalistic way. Much of which relies on social dynamics. I think the modern world has what I call a data bias. They think everything and every interaction cam be modeled and ignore the humanity that are the agents. Data and modeling are important but when we start to apply that yo individuals and groups treating like a input we will become the very people of Davos. I am just glad I learned the lesson while I am young and did not become the things I find troublesome.
Something that needs to be considered in this discussion is business schools, the disparities between what they purport to do and what they actually do -- especially at the elite level. Business schools purport to teach how to manage businesses. In my observation, they do what universities used to do before World War II and the GI Bill made them more egalitarian -- they are places where the scions of wealthy families mingle and form life-long relationships. I recently saw (and posted on FB) a video made by Elvira Bary, a Soviet-born US-based novelist and commentator of Russia, and lately the world -- consciously non-partisan. Bary talks about the Russian concept of "blat" -- connections, networks -- as something that is also found in the US. She talks about how we have misunderstood what Epstein was selling -- did not primarily sell sex, he primarily sold "blat" -- connections -- to the high elite of the United States and the UK. The A-listers in his "files" were people who wanted access at the highest level, which included an extraordinary number of top businessmen and politicians who have ended up at Davos. Bary's point is that the horror Americans have expressed is encouraging -- we ought to be horrified -- but what we need to understand most clearly is that such networks, which bypass and mock the ideals that the American elite promote in public, but mostly sidestep in practice, must be destroyed as symbols of power to mock the law and to laugh at actual merit -- all the cocktail parties and golf games and exclusive islands. It is not people we need to criticize, but the systems that enable such execrable people to maintain power.
Whole heartily agree. The systems are what make and enable the people. The root must be pulled if we ever hope to solve many if these problems.