Gladwell Outdoes Himself, Proves That Bankers Are Cocky
Perennially insightful Malcolm Gladwell outdoes himself in this week’s New Yorker, positing that overconfidence might have played a role in the collapse of Bear Stearns and, on a larger scale, the Wall Street meltdown. I repeat: Malcolm says the bankers were too cocky.
No really.
“[O]ne of the things that happen to us when we become overconfident is that we start to blur the line between the kinds of things that we can control and the kinds of things that we can’t.”
And if you won’t take Malcolm’s word on this whole overconfidence bit, he’s got a whole load of well-told examples — from Gallipoli to bridge to … On second thought, forget the examples; these things aren’t so fun when you think too hard about them.
Sign up for Mediaite's daily newsletter.
Mediaite Interviews The Great Chuck Woolery At CPAC, He Is No Fan Of President Obama
Fox Business Network Drops Bolling, Napolitano Shows In Primetime Shuffle
More Online/Print:
















The Media’s Shameful, Inexcusable Distortion Of The Supreme Court’s Citizens United Decision
Bill O’Reilly Compares ‘Witch Hunt’ To Fire Ellen DeGeneres From JC Penney Ads To McCarthyism
Ellen DeGeneres Thanks Bill O’Reilly For Defending Her
Ellen DeGeneres Fires Back At One Million Moms, Mocks Them For Only Having 40,000 Fans On Their Facebook Page
Roland Martin Slams Mitt Romney, High Fives Soledad O’Brien, Leaves To Do Another Show
The Media’s Shameful, Inexcusable Distortion Of The Supreme Court’s Citizens United Decision
Ellen DeGeneres Fires Back At One Million Moms, Mocks Them For Only Having 40,000 Fans On Their Facebook Page
Karen Handel Resigns As Senior VP Of Susan G. Komen
Michael Steele Blasts John Heilemann For Comparing Same-Sex Marriage To Interracial Marriage
Keith Olbermann Returns Amid Reports He’s Hanging By A Thread









RSS