3min chapter

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#128 – Chris Blattman on the five reasons wars happen

80,000 Hours Podcast

CHAPTER

The Misperception of Overestimating Your Capabilities

i'm most nervous about overestimating your capabilities relative to others. I don't think all mutual fund managers are over confident. But there might be selection into c os and selection o mutual fund managers that draws over confident types. And then if you happen to get one, there might get you into trouble, right? So something's going on. It's not in your interest to hire as a firm or to hire consistently over convent people. Why it exists is a bit of a puzzle. We have to understand why it persists,. evenin like a somewhat checked and balanced organization such as a shareholder had held publicly traded corporation.

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