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The Black Swan: The Impact of the Highly ImprobableI asked my friend the purpose of that contraption. БЂњHe likes to keep in touch with London,БЂ«I was told. When you are employed, hence dependent on other peopleБЂ™s judgment, looking busy can help you claim responsibility for the results in a random environment. The appearance of busyness reinforces the perception of causality, of the link between results and oneБЂ™s role in them. This of course applies even more to the CEOs of large companies who need to trumpet a link between their БЂњpresenceБЂ«and БЂњleadershipБЂ«and the results of the company. I am not aware of any studies that probe the usefulness of their time being invested in conversations and the absorption of small-time informationБЂ”nor have too many writers had the guts to question how large the CEOБЂ™s role is in a corporationБЂ™s success. Let us discuss one main effect of information: impediment to knowledge. Aristotle Onassis, perhaps the first mediatized tycoon, was principally famous for being richБЂ”and for exhibiting it. An ethnic Greek refugee from southern Turkey, he went to Argentina, made a lump of cash by importing Turkish tobacco, then became a shipping magnate ...» |
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