Slate Money - Money Talks: Psychopathy and Success
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In this episode of Slate Money's 'Money Talks,' host Elizabeth Spires interviews Dr. Leanne Tenbrink, an associate professor of psychology at the University of British Columbia, about her book 'Poisonous People' and her research on dark personality traits—particularly psychopathy—in high-stakes environments like hedge fund management. Drawing from a study of 100 hedge fund managers' public interviews, Tenbrink and her colleagues found that those exhibiting psychopathic traits such as manipulation, emotional shallowness, and impulsivity actually underperformed financially, earning about 1% less annually—a significant gap over time. This challenges the popular myth that psychopaths thrive in competitive business settings. The conversation explores how these traits are often mistaken for leadership qualities like confidence and decisiveness, especially during crises, and how they can create toxic workplace cultures that spread through organizations, particularly in tech and finance. Tenbrink emphasizes that while these traits are not destiny, they are stable over time and can be exacerbated by power and wealth. She offers practical strategies for surviving under such leaders—like establishing common ground, softening feedback, and setting written boundaries—and discusses the importance of early intervention and reward-based treatment for youth with these traits. The episode concludes with a critical reflection on how society often misattributes harmful behaviors to neurodiversity, while underscoring the massive societal costs of unchecked dark personalities, both economically and socially.
Psychopathic traits in hedge fund managers correlate with lower financial returns, contradicting the myth that they thrive in high-stakes finance.
Dark personality traits like narcissism, Machiavellianism, and sadism often masquerade as leadership strengths such as confidence and decisiveness.
Power amplifies existing traits—especially in those with dark personalities—leading to toxic cultures, high turnover, and increased stress.
Practical strategies for surviving toxic bosses include building tiny common ground, softening feedback, and enforcing written workplace rules.
Early intervention with reward-based behavioral therapy can yield high returns, saving $7 for every $1 invested in treatment for youth with psychopathic traits.
…and 2 more takeaways available in PodZeus
Introducing Dr. Leanne Tenbrink and Her Research
Elizabeth Spires introduces Dr. Leanne Tenbrink, an associate professor of psychology at the University of British Columbia, and her new book 'Poisonous People,' which explores dark personality traits and how to manage interactions with individuals who possess them.
The Hedge Fund Study: Psychopathy and Financial Performance
“Those who had displayed more behaviors that were associated with psychopathic personality traits in particular made less money every year, about 1% or so less money every year. But over 10 years, you know, as that starts to compound, that can really add up.”
Defining Psychopathy and the Dark Tetrad
Tenbrink clarifies the clinical definition of psychopathy as a continuum of traits including manipulation, emotional shallowness, impulsivity, and antisocial behavior, and explains how it fits within the broader 'dark tetrad' of narcissism, Machiavellianism, and sadism.
Spotting Dark Traits in 10 Seconds or Less
“They will use really angry or hostile language while smiling quite broadly. So you get this kind of mismatch between verbal and nonverbal behavior.”
How Dark Traits Corrupt Leadership and Culture
“One bad apple is really ruining the barrel kind of effect. We also see things like zero-sum thinking. So that impression that in order for me to win, everyone else must lose.”
“If we provide them with treatment early, every dollar that we put into that treatment saves us $7 just in criminal court costs, not to mention all of the improvements in their behavior and the improvements in their relationships with other people that come from that.”
“Those who had displayed more behaviors that were associated with psychopathic personality traits in particular made less money every year, about 1% or so less money every year. But over 10 years, you know, as that starts to compound, that can really add up.”
“You can, instead of saying, the way that we write these reports is terrible, like you really need to change the format of these reports because they're unreadable. Okay, that's not probably going to go over very well. If you frame it as a question... Something more like, what do you think about changing the way that we format these reports to make them a little more readable?”
Host
Guest
Dr. Leanne Tenbrink
person
hedge fund managers
organization
autism
other
U.S. criminal justice system
organization
University of British Columbia
organization
Elon Musk
person
cognitive behavioral therapy
other
Andrew Ross Sorkin
person
Forbes 30 Under 30
organization
Palantir
organization
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