Mediocre you: Difference between revisions

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:''“If you aim at the moon, you may only ever hit the top of the tree
:''“If you aim at the moon, you may only ever hit the top of the tree
:''But if you aim at the top of the tree you may never get off the ground”’’
:''But if you aim at the top of the tree you may never get off the ground”’’
::It’s not so bad on the ground. And what good are you to anyone stuck in the top of a tree?
::It’s not so bad on the ground You have more options. And what good are you to anyone stuck in the top of a tree?


[[The Banker and the Fisherman]]
[[The Banker and the Fisherman]]
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===Organising principles===
===Organising principles===
*[[Mean reversion]]
*[[Mean reversion]]
*[[Never mistake luck for talent]]
*[[Mistaking luck for talent]]
**The investment manager who beat the Dow nineteen years in a row]]
**The investment manager who beat the Dow nineteen years in a row
**Promotion by random
**Promotion by random
*[[Ten thousand hours]] buys you a ticket to the raffle.  
*[[Ten thousand hours]] buys you a ticket to the raffle.  
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***To be in the right place in the first place.
***To be in the right place in the first place.


===Personality types and business===
'''The [[COO]] as an ISTJ''': Quiet, serious, earn success by thoroughness and dependability. Practical, matter-of-fact, realistic, and responsible. Decide logically what should be done and work toward it steadily, regardless of distractions. Take pleasure in making everything orderly and organized - their work, their home, their life. Value traditions and loyalty.
===[[Design of business]]===
Models of organising complex distributed systems:
*[[Evolution]]
*The [[invisible hand]]
*The [[end-to-end principle]]
Have a common design feature: They are not centrally planned.
Design of business - The will to bureaucracy - optimal size for an organisation? Central management as the antithesis of good system design.
===“No-one is well-rounded”===
Maybe — just maybe — that’s the problem?


=== ''Statistically'', it won’t be you. ===
=== ''Statistically'', it won’t be you. ===