How People in Power Make Mistakes

From Scott Galloway:

“The undoing of many powerful people is that they enter a hermetically sealed bubble of fake friends. Enablers, not people concerned with their well-being. When the Elon-Twitter debacle started this spring, I wrote a post about power.

“My thesis: Power, unchecked, is a psychological intoxicant. OK, this isn’t so much a thesis, as it’s scientifically proven. Research shows power causes us to downplay potential risk, magnify potential rewards, and act more precipitously on our instincts. In other words, you lose your ability to self-regulate; you need others to do it for you. . .”

The solution: Every day, every one of us needs to ask ourselves an important question: Who keeps it real for me? Who will push back, who will tell me I’m wrong … who will save me from myself and the psychosis that’s led to so many successful people’s fall from grace. ”

Example: Ed Callahan had Bucky Sebastian as his “wingman” in work and life.

One Reply to “How People in Power Make Mistakes”

  1. The wisdom of those who judge the actions of others, and seem to judge wins and losses from the perspective of committee group think. I wonder if you remembered your advice here when you TOOK the power to write your comments.

    While I do believe that acting alone is often time partnered with worrisome perspectives – the projects delayed for the fear of acting without consensus alone are too often too late, too mild, and too little too safe to change the world.

    Better a mistake to correct than frozen where one stands

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