Malcolm Gladwell, Social Engineering and The Magic Third
Motley Fool Money
The Magic Third: Diversity and Decision-Making
This chapter explores the concept of the 'magic third' to demonstrate the necessity of minority representation in fostering true diversity within groups, particularly corporate boards. It highlights how token diversity fails to create effective contributions and emphasizes the need for intellectually diverse teams in decision-making processes, especially in finance. Additionally, it reflects on the evolution of investment strategies and the potential future of pandemics, proposing innovative solutions like pandemic insurance.
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