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11/01/2023

Would you rather be a manager or a leader?

https://substack.com/profile/66725113-pedro/note/c-42899651?utm_source=notes-share-action&r=13q5fd

I really struggle to divide both activities! For me Leadership (or to lead) is 1 of the 4 key activities any good manager has to master, the others are: (i) to plan, (ii) to organize and (iii) to control.

For me it was always a puzzle how one can you make such segregation. It is true that in your journey from junior to senior manager the leadership traits have to be significantly more developed, but that is part of the journey.

This dichotomy Manager vs. Leader will always be a puzzle to me (or not if we look where it started, but that is for a post in itself).

https://www.economist.com/business/2023/10/23/is-being-a-leader-really-sexier-than-being-a-managerEnjoy another great article from the Economist!

10/31/2023

Quotes - Economic forecasts without underlying structure- The signal and the noise - Silver

“…in contrast, if you just look at the economy as a series of variables and equations without any underlying structure, you are almost certain to mistake noise for a signal and may delude yourself (and gullible investors) into thinking you are making good forecasts when you are not. …”

“…. Who needs theory when you have so much information? But this is categorically the wrong attitude to take toward forecasting, especially in a filed like economics where the data is so noisy. Statistical inferences are much stronger when backed up by theory or at least some deeper thinking about their root causes….”

Quote - Economic Forecasters conundrum - The signal and the noise - Silver

“…economic forecasters face three fundamental challenges.

First, it is very hard to determine cause and effect from economic statistics alone. Second, the economy is always changing, so explanations of economic behavior that hold in one business cycle may not apply to future ones. And third, as bad as their forecasts have been, the data that economists have to work with isn't much good either. …”

10/29/2023

If Humility Is So Important, Why Are Leaders So Arrogant?

What a great question and some potential answers are explained in the attached HBR article.

Is humility and humbleness so important in a leader? would say it depends, but the evidence is definitively contrarian to such claim (or it might be my representativeness bias kicking in, as the louder and histrionic CEOs get media attention).