Monday, August 03, 2020

Hubris Factory

Is it a club or is it a meritocracy? I think the answer lies in whether there is a mirror. If the person making the hiring/firing decisions is subject to the same harsh selection and rejection criteria. If you are willing to judge whether someone is good enough, you should be willing to be judged. I don’t accept the “you don’t have to swing at every pitch” principle when it comes to people. People aren’t pitches. I am not your pitch. Clubs can have crystallised privilege (Capital and strong Balance Sheets) to weather storms and buy time. They can have liquidity (Buffers and Cash) to meet their expenses even when profits disappear and losses feed from the trough too. It is a club when you admit that you have more interpretive charity for yourself than your competitors. It is a club when you admit that part of the selection criteria is being “like minded”. Don’t call it a meritocracy if everyone looks like you. Hubris factory is more appropriate.

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