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Overcoming Bias Commenter's avatar

I suggest that the status in the business context of the story above is related to who you know, what you are able to do for people, and what you are able to get others to do for you. The last two are highly correlated: if you no longer have the executive power of a senior managing partner (or soon will not have) then you are neither able to do as much for people, and as a result, nor are you as able to get others to do things for you. Your status is significantly lowered. Status has nothing to do with wisdom directly. It is wisdom that will make you get to know the right people and move into positions of increasing executable power, and the gain you status.

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Sebastian_H's avatar

"Why is cynicism often taken as a sign of low status?"

Because low status people get screwed by high status people regularly while high status people are more likely to get a break.

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