While reading The Real Warren Buffet by James O’Loughlin, I encountered the concept of the “institutional imperative” as espoused by Warren Buffet. Contained in one of Buffet’s shareholders’ letter, he defined the concept as “the tendency of executives to mindlessly imitate the behaviour of their peers, no matter how foolish it may be to do so”. Months after reading that particular section, I encountered a scene that made me recall Buffet’s words. Continue reading “The Societal Imperative”
Jilomes 