So, while it may seem innocuous to take such a round, and while it will solve your short
term emotional biases and concerns, you may be putting your whole company in a much riskier position without even knowing it.
What started as behavioral
biases — that we confuse short -
term performance as vital information on manager skill, and that we enjoy blaming others and holding them accountable for random bad outcomes — have been institutionalized.6 No longer can behavioral
biases be overcome by the greater mastery of one's
emotional state or by attaining greater investment enlightenment.