Malcolm Gladwell's not my favorite writer--he's Thomas Friedman without the deep reflections on his rides from the airport-- and Gladwell's New Yorker article on the Bear Stearns failure is an exercise in simpering. According to Gladwell, Bear Stearns CEO Jimmy Cayne was "over-confident" and Cayne's over-confidence has something to do with the over-confidence of the now-forgotten British generals at Gallipoli.
Bear's failure also had something to do with playing bridge even though the now-forgotten British generals at Gallipoli didn't seem to have played bridge.
Give Gladwell credit.
He showed that he knew a couple of obscure references even if he didn't write anything that helped us understand the failure of Bear Stearns.
Showing posts with label simpering. Show all posts
Showing posts with label simpering. Show all posts
Tuesday, July 28, 2009
Subscribe to:
Posts (Atom)
Posts
