Blindspots, Bias, Billionaires and Bridgewater with Dr. Adam Grant
55:24 · 2018
In this episode we discuss the relationship between bad ideas and creative genius, the three biggest lessons from studying the most successful hedge fund on earth, why a complete stranger may often be a better judge of your abilities than you are, the key things that stand in the way of developing more self awareness and how you can fix them, why it’s so important to invest in the ability to make better decisions, and much more with our guest Dr. Adam Grant.
Dr. Adam Grant has been Wharton’s top-rated professor for six straight years and has been named a Fortune’s 40 under 40, as well as one of the world’s 10 most influential management speakers. He is the multi bestselling author of Give and Take, Originals and Option B which have been translated into over 35 languages. His work has been featured on Oprah, The New York Times, The Wall Street Journal and he is the host of the new TED Podcast, WorkLife...
• You don’t know yourself as well as you think you do
• There are two things that stand in the way of self awareness
• We have blindspots that other can see, that we can’t
• Biases - the things we don’t want to see
• We are better judges of our internal state, but much worse at judging our external behaviors than our friends and colleagues
• We are motivated to have a positive image of ourself
• A complete stranger is a better judge of your assertiveness, creativity, and intelligence after 8 minutes than you are of yourself (after your entire life!)
• We all want to think of ourselves as being smart and creative
• “Male pattern blindness”
• At Bridgewater they tape video + audio of every single meeting
• Bridgewater was a fascinating place to study deep self awareness
• No one has the right to hold a critical view without speaking up about it
• Peer support in the workplace is vital
• When we get criticized, we make the mistake of going to people to support and cheer us up - we need a “challenge network” to challenge our assumptions, push us, and see through our BS
• When things are going poorly, people usually ignore the naysayers and dissenters, but the more you do that the worse things typically get - you should be doing the opposite
• How do we avoid shooting the messenger when we receive negative feedback?
• Any time you are about to receive negative feedback, get some praise / positive feedback in a positive domain to buffer your negative emotional response first
• Why “feedback sandwiches” (praise, criticism, praise) doesn’t work as well as people think they do
• If you’re praising, praise in a separate realm
• “Democracy is a dumb idea for running a company” - some people’s decisions are objectively better than other people’s
• The power of domain specific believability scores and how that’s shaped Bridgewater’s results in a positive way
• Not all feedback is equal
• Go around and look at your feedback sources and ask yourself two questions
• What’s their track record in the skill you’re asking for feedback on?
• How well do they know YOU?