Organizations with tens or hundreds of thousands of employees are systematically led by people with very high political skills who follow Keynes' rule 'never be wrong on your own,' ensuring they will not call major turning points regardless of what the engine room believes, because being publicly wrong on their own carries political death.
causalpending
Speaker
Jeremy GranthamEvidence Quote
“The great enterprises...are led by people with very high political skills...And therefore at every any major turning point you you must expect that they will not call it.”
Source
Jeremy Grantham on why this market will fall by 50% but nobody will warn you— Behind the Balance SheetCreated: 8/12/2026, 5:57:13 PM
My Notes
Loading notes...