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On the night of January 27th, 1986, a group of engineers in Utah tried to stop the Challenger launch. They had the data. They had a documented history of a known design flaw. They had a teleconference with NASA that lasted hours. They did not stop the launch. This episode is about a harder problem …
In 2005, a failed analyst with a last-chance desk job built a chart from decades of housing price data. The chart showed a bubble. His boss bet everything on it. Two years later, the firm made $15 billion.In between: daily losses, investor revolts, professional ridicule, and a financial system desi…
In April 1961, fifty of the most experienced foreign policy minds in America sat in a room and agreed to invade Cuba. The Bay of Pigs was over in three days. Afterward, President Kennedy asked the question that still haunts every organization that gets it wrong: "How could we have been so stup…
On December 14th, 1799, George Washington's physicians did what medicine had done for two thousand years. They bled him. Three times. He was dead by evening. They were not reckless. They were following the most credentialed, most consensus-supported medical protocol in the Western world. This …
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