Six quick links for Thursday morning

Experts vs. Imitators. Imitators don’t know the limits of their expertise, can’t answer questions at a deeper level, can only explain things using the vocabulary they were taught, and get frustrated when you say you don’t understand.

An allegory of solution fixation. The solution fixation trap is a bias that leads people to focus on proposing and evaluating solutions before fully understanding problems. High-performers take the time to gather relevant information and perspectives before discussing solutions. I’ve written previously on the need to slow down and create space to work through problems more effectively.

Top 10 Ways to Foster Psychological Safety in the Workplace. Psychological safety looks different for everyone and should accommodate diverse needs and preferences. Key practices include leveling power gradients, establishing shared team agreements, prioritizing active listening, using clear and compassionate communication, valuing and encouraging speaking up, framing work as experiments for learning, regularly reflecting on lessons learned, and defining clear behavioral boundaries.

Only a fool gets rich twice. Having a life-changing amount of money in a single stock position comes with significant stress and uncertainty about what to do. Cognitive biases like anchoring, endowment, and familiarity lead people to holding out for even more, then losing the majority of the value waiting too long. When given a chance to sell a concentrated position you should sell 20%-80%.

The Shareholder Supremacy. “Shareholder supremacy” and “financial nihilism” have poisoned the tech industry and the broader economy, and led to the proliferation of disconnected, short-term focused managers who run companies in ways that harm workers, customers, and society, while enriching themselves and shareholders. This reminded me of Roger Martin’s A New Way to Think c. 2022, and an article he wrote in Forbes c. 2011.

Doctor does actually mean someone with a PhD, sorry. I love Dr Eleanor Janega’s Going Medieval. This time … it’s historically inaccurate to claim that only medical doctors should be called “doctors.” The term “doctor” originally referred to those with a PhD, who were university professors and teachers. Originally, medical practitioners were called “physicians,” not “doctors.”