“The occurrence of an event increases its reconstructed probability and makes it less surprising than it would have been had the original probability been remembered.”
Panic, in this sense, is the opposite of choking. Choking is about thinking too much. Panic is about thinking too little. Choking is about loss of instinct. Panic is reversion to instinct. They may look the same, but they are worlds apart.
“High-quality feedback is where there is a back-and-forth exchange to get a deeper understanding.”
The very best companies, they concluded, had leaders who were obsessed with the talent issue. They recruited ceaselessly, finding and hiring as many top performers as possible. They singled out and segregated their stars, rewarding them disproportionately, and pushing them into ever more senior positions.