Men who know neither theory nor the history of previous crises are utterly convinced that they know what to do

(written by lawrence krubner, however indented passages are often quotes). You can contact lawrence at: lawrence@krubner.com

Leaders are often stupid. These last few years I have been amazed at how often I have seen this in the world of business: people in leadership positions expressing very strong, entirely undeserved, confidence. And often being proven painfully wrong.

The amazing thing is the way men who know neither theory nor the history of previous crises are utterly convinced that they know what to do in our current crisis; and how their confidence in their prescriptions has been unaffected by the fact that they have been wrong about everything so far. Of course, what’s even more amazing is the fact that these men are actually running things.

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