Perhaps then, you can explain the current WS meltdown....how BSC, MER, LEH failed, even with their legions of quants, MBA's, PhD's, etc.? Perhaps you can explain how the Best and Brightest helped JFK and LBJ do so poorly in Vietnam?
"Perhaps then, you can explain the current WS meltdown..."
GREED! Pure and simple.
"...how BSC, MER, LEH failed, even with their legions of quants, MBA's, PhD's, etc."
GREED! Pure and simple.
"Perhaps you can explain how the Best and Brightest helped JFK and LBJ do so poorly in Vietnam?"
They didn't. As with the Iraq case, the guys at the controls did not listen to the "best and brightest".
"Perhaps you can explain how Aubrey lost so much?"
GREED! Pure and simple. I should also point out that Aubrey made "so much" in the first place, to have it available to lose.
One should never confuse intelligence with an emotional over-rider such as greed.
The OP's sentence still stands, IMVHO.
"Intelligence has always been one of my major criteria when voting since it has been my life experience that smart people make good decisions and the not-so-smart make poor decisions."
S&P |
