Great article -- and another reason bubbles form is that you probably are not going to get fired for being wrong the same way everyone else was wrong. You are much more likely to get fired if you are wrong in a unique way.
Correct. Most CEOs, VCs, and decision-makers who fucked up will just say, "look, everyone was wrong. We failed because of market conditions, not because of my actions."
Let's hope we are riding fast pigs then! 😂
Great article -- and another reason bubbles form is that you probably are not going to get fired for being wrong the same way everyone else was wrong. You are much more likely to get fired if you are wrong in a unique way.
Correct. Most CEOs, VCs, and decision-makers who fucked up will just say, "look, everyone was wrong. We failed because of market conditions, not because of my actions."
Buffet lost ~5 billions in first dot com, it just good to remind
A very thorough and humorous article as always!
Thanks! 🙏