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Study finds 'psychopathic' hedge fund bosses make less money
http://money.cnn.com/2017/10/19/investing/psychopathic-hedge-fund-managers/index.html?iid=hp-stack-dom
Does it pay to be nice? The answer is yes, according to a new study that suggests fund managers with psychopathic traits make less money.
The study, published Thursday in Personality and Social Psychology Bulletin, found that hedge fund managers with psychopathic personality traits delivered returns that were 15% lower than rivals over a decade.
The authors said that their findings undermine the assumption that psychopaths tend to be more successful.
"The supposition is that through bald self-interest, cool detachment to the welfare of others, and the force of manipulation and deception, psychopathic individuals achieve powerful, managerial roles and monetary wealth," the authors said.
Psychopathic traits might help someone reach the pinnacle of their profession, the researchers said, but they often then fail to perform in top jobs.
They were looking for evidence of what psychologists call the "dark triad" of psychopathy, narcissism and Machiavellianism. Traits include impulsive, aggressive or manipulative behavior, as well as emotional detachment or a lack of empathy.
Does it pay to be nice? The answer is yes, according to a new study that suggests fund managers with psychopathic traits make less money.
The study, published Thursday in Personality and Social Psychology Bulletin, found that hedge fund managers with psychopathic personality traits delivered returns that were 15% lower than rivals over a decade.
The authors said that their findings undermine the assumption that psychopaths tend to be more successful.
"The supposition is that through bald self-interest, cool detachment to the welfare of others, and the force of manipulation and deception, psychopathic individuals achieve powerful, managerial roles and monetary wealth," the authors said.
Psychopathic traits might help someone reach the pinnacle of their profession, the researchers said, but they often then fail to perform in top jobs.
They were looking for evidence of what psychologists call the "dark triad" of psychopathy, narcissism and Machiavellianism. Traits include impulsive, aggressive or manipulative behavior, as well as emotional detachment or a lack of empathy.
Good! I'm sick of seeing how to be successful books written that one has to be a smug selfish asshole like Trump. Nice people don't necessarily finish last.
Be assertive! Not a doormat.