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It seems to me that this is na obvious heuristic - that experience matters when applied to well defined roles. The more simplified role You look at (just look a
by v-erne 4y ago
It seems to me that this is na obvious heuristic - that experience matters when applied to well defined roles. The more simplified role You look at (just look at chess or go players) the easier it to defend this intuition.
But being businessman and especially sucessfull one is too ephemeral and not well defined - it entails almost every posible activity You can imagine. And I do not buy that this obvious heuristic is also so obvious in this case. Most powerfull businesspeople will claim it is but they have vested intrests in it being so.
- WalterBright 4y agoThere are many, many obvious mistakes people make in business. The notion that people cannot learn from these mistakes and improve their odds is bizarre. For example, being sloppy with the books has sunk many businesses. Failing to look out for employee embezzlement is another. Undercapitalization. Hiring friends. And on and on.