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I was going to say that there are tons of parallels with how some fund managers approach investment. I have met lots of people who have this trait for over-anal
by hogFeast 5y ago
I was going to say that there are tons of parallels with how some fund managers approach investment. I have met lots of people who have this trait for over-analysis, not one has ever made consistently profitable investments. Over-analysis is a failure to understand what information is important.
This is going to become more and more common though. In fund management, there has been a huge move towards "professionalisation"...which, ofc, means doing lots of pointless exams that select for the wrong thing. MBAs are the same. It is very hard to solve because the system selects for people who will play into this self-image (in my experience, this isn't solvable...you can either handle the risk of being wrong or you can't).
This also overlaps with a lot of the issues that a lot of companies are having with hiring. A company which frames hiring as a risk rather than opportunity and has these very long, negative process of hiring (be real, the point is to uncover "weakness", not learn more about someone) is going to fail to hire people of different backgrounds. The amazing thing about the "candidate shortage" is that it isn't more severe. Companies are so bad at hiring, it is surprising they end up making any decisions at all.
- Tabular-Iceberg 5y agoDoes any fund manager make consistently profitable investments? Most don’t even seem to make sporadic profitable investments.