People who aren't self obsessed are becoming rare. It's an interesting development. I guess it must be hard to find a friend who listens and give feedback instead of talking about themselves.
That is so bizarre for me to read this:
"83% said they'd spent zero time just thinking"
I struggle to turn down my inner dialogue, because I enjoy being in my head juggling with ideas, and I thought I was the weird one for doing it. What is hiding in those people's head that they are scared of being alone in it ?
I think this is confusing efficiency with overfitting. A lot of the problems described in the article arise due to overfitting models to the historical data. We overfited supply chain management because covid doesn't happen often, we overfited credit modeling because chain reaction of default doesn't happen often... We actually weren't efficient enough, we ignored tail events.
That doesn't solve the big part of the problem which is the co-ownership of competing companies. A blackrock manager voting for you or you voting doesn't change anything. Through the fund, you co-own multiple competing companies, therefore you won't vote for policies that would increase competition between those companies.