Archive for the ‘business’ Category

Magalomania and secure investments

March 1, 2009

T T Ram Mohan at The Big Picture makes an observation:

The one lesson from failures such as RBS and Lehman seems to be: when CEOs begin to show clear signs of megalamonia, investors had better watch. Such megalamonia manifests itself not just in a hunger for asset growth but in many other ways: …

The other ways, includes, among other things, an obsession over details, discipline, and uniformity.