A view of life and commercial real estate from Newark and Licking County, Ohio
..............writes some smart stuff. A few highlights from his post on "Common Causes of Very Bad Decisions":
Incentives can tempt good people to push the boundaries farther than they’d ever imagine.
Tribal instincts reduce the ability to challenge bad ideas because no one wants to get kicked out of the tribe.
Lots of little errors compound into something huge.
Underestimating adaptation, both present and future, leaving you convinced that history will repeat itself and bitter when it doesn’t.
Being influenced by the actions of people who are playing a different game than you are.
Wrongly assuming that the information you have at your disposal tells a complete picture of what you’re dealing with.