The senior executive in Margin Call — a fictional film about a fictional firm — states the logic plainly: in a collapsing market, there are three ways to survive. Be first, be smarter, or cheat. He is…
Browsing Category Institutions
The Comprehension Gap
There is a failure mode that appears in organisations of every kind and at every scale. It is not caused by bad people, or greed, or negligence, though those things may compound it. It is…