Two explanations for the near collapse of the financial system

The earliest blog posts were essentially pointers to ‘good stuff’ out there.  Here’s such a pointer from last fall from my former partners and still good friends Paul Carroll and Chunka Mui. They’ve found two very worthwhile reads that I otherwise would have missed.

Calvin TrillinFollowing up on yesterday’s post about John Cassidy’s New Yorker article, The Real Reason that Capitalism is so Crash-Prone, we want to highlight an alternative theory put forth by Calvin Trillin. Trillin’s recent NY Times op-ed starts with this intriguing line: If you really want to know why the financial system nearly collapsed in the fall of 2008, I can tell you in one simple sentence.

Calvin Trillin s Food for Thought
Paul Carroll and Chunka Mui
Tue, 20 Oct 2009 15:25:35 GMT

If you’re interested in the deep challenges of thinking strategically you would also do well to start paying attention to the work that Paul and Chunka are doing at The Devil’s Advocate Group. It’s a continuation of the work they did in creating Billion Dollar Lessons, which I reviewed here.

Essay Scam Busters