Victims of Hubris

Discussion in 'Psychology' started by aeliodon, Sep 15, 2007.

  1. Bear Stearns Corporation


    80 year old company, bankrupt in 1 day.
     
    #11     Apr 27, 2008
  2. The gov of NY. Blew up by not paying with cash so left a money trail.

    LTCM whose black box failed to note that Russia could do want ever its wants to its own currency.
     
    #13     May 3, 2008
  3. from wiki:

    Isaac Newton, the famous physicist, lost some of his money due to speculation in The South Sea Company stock in the 1720s. Isaac Newton lost over 20,000 pounds (£1.68 million in today's money) of his fortune. As a result of this crisis, he stated "I can calculate the motions of heavenly bodies, but not the madness of people".
     
    #14     May 10, 2008
  4. I think you should read James B. Stewart's Den of Thieves. This book may change your opinion.
     
    #15     May 12, 2008
  5. tommcginnis

    tommcginnis

    That's so wild... I was just reminded of an Einstein quote this morning: "The difference between genius and stupidity is that genius has its limits."

    tom mcg
    Indy
    (who wonders if the increasingly constrained limits on his account means he's a genius, too...)
     
    #16     May 12, 2008
  6. Lots of updates:

    Lehman Brothers

    AIG

    Merrill Lych

    Morgan Stanley

    Citigroup

    Goldman Sachs

    Kirk Kerkorian
     
    #17     Oct 21, 2008
  7. new$

    new$

    W
    :(
     
    #18     Oct 21, 2008
  8. Atticus Capital

    Billl Miller

    Eddie Lampert


    JIM CRAMER!!!!!!!
     
    #19     Oct 21, 2008
  9. Tyco.
     
    #20     Oct 21, 2008