"He estimated that an investment choice is correct only about 53%-54% of the time, so one of the top strengths that his colleagues at Citadel must have is resilience that helps them cope with mistakes the rest of the time. But U.S. schools are not developing those traits, Griffin warned, pointing to the increased ease with which students are earning high marks."
""One of the problems with grade inflation in the United States is we're not teaching young Americans what it's like to fall short," he said. In fact, a report last month from Harvard, which Griffin attended, showed that more than 60% of grades that the school's undergraduates now receive are A's, up from just a quarter of grades two decades ago."
""Falling short is what happens in business all the time," Griffin said. "You need to pick yourself up. You need to put one foot in front of the next, and you need to move away from that place of failure to a better place, to a place of success. So there's a huge emphasis on perseverance and resilience in the people that we look for.""
Investing has a low success rate, with correct investment choices estimated at only about 53–54% of the time. Smartness is important but treated as table stakes. Top hires combine high intelligence and drive with extraordinary perseverance and resilience to cope with frequent mistakes. U.S. grade inflation reduces opportunities for young people to experience falling short, weakening development of grit. More than 60% of Harvard undergraduate grades are now A's, up from about 25% two decades ago, and median GPA rose to 3.83 for the class of 2025. Persistent recovery from failure is essential for business success.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]