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Quiet: The Power of Introverts in a World That Can ... - WordPress.com

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But Mills also po<strong>in</strong>ted to the <strong>com</strong>monphenomenon known as the “w<strong>in</strong>ner’scurse,” <strong>in</strong> which two <strong>com</strong>panies bid<strong>com</strong>petitively to acquire a third, untilthe price climbs so high that it be<strong>com</strong>esless an economic activity than a war <strong>of</strong>egos. <strong>The</strong> w<strong>in</strong>n<strong>in</strong>g bidders will bedamned if they’ll let their opponentsget the prize, so they buy the target<strong>com</strong>pany at an <strong>in</strong>flated price. “It tendsto be the assertive people who carry theday <strong>in</strong> these k<strong>in</strong>ds <strong>of</strong> th<strong>in</strong>gs,” says Mills.“You see this all the time. People ask,‘How did this happen, how did we payso much?’ Usually it’s said that theywere carried away by the situation, butthat’s not right. Usually they’re carriedaway by people who are assertive anddom<strong>in</strong>eer<strong>in</strong>g. <strong>The</strong> risk with our studentsis that they’re very good at gett<strong>in</strong>gtheir way. But that doesn’t meanthey’re go<strong>in</strong>g the right way.”157/929

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