Today I want to share a few more features I’ve read recently about business that you might be interested in.
Uncovering the secret history of Myers-Briggs
It’s the most popular personality ‘test’ used in the world with 89 of the Fortune 100 companies routinely using it. But does it deserve to hold as much weight as it does?
“Behind all the pseudo-scientific talk of “instruments” and “indicators” is a simple, but subtle, truth: the test reflects whatever version of your self you want it to reflect. If what you want is to see yourself as odd or original or factual and direct, it only requires a little bit of imagination to nudge the test in the right direction, to rig the outcome ahead of time. I do not mean this in any overtly manipulative sense. Most people do not lie outright, for to do so would be to shatter the illusion of self-discovery that the test projects. I mean, quite simply, that to succeed, a personality test must introduce the test taker to the preferred version of her self — a far cry, in many cases, from the “shoes off,” authentic you.”
WeWork used these documents to convince investors it’s worth billions
WeWork lease office space, divide it up and market it to a ‘new generation of young workers’. But can a real estate business that doesn’t own any real estate really be worth $10 billion?
“Its business model is atypical for tech, but the economic and cultural practices that made it a $10 billion company pervade Silicon Valley. To its detractors, at least, WeWork is the poster startup of a funding climate fueled by FOMO and driven to extremes, where valuations can double in a matter of months and where investors who are so “desperately afraid” of missing out on the next unicorn will slap a horn on a horse.”
This couple lives on 6% of their income so they can give $100,000 a year to charity
How one couple have made altruism a core part of their identity.
“Psychologists have done research into the link between money and happiness. They’ve consistently found that for those of us living in affluent countries, additional income simply does not increase your well-being very much past a certain point. On average (pdf), people in the US on an income of $32,000 rate their life satisfaction as 7 out of 10; an income of $64,000 only increases the rating to 7.5. That’s a pretty small difference for a (comparably) large sum of money.”