Until recently, the US asset-price bubble ? first in the stock market, then in real estate? masked the underlying depreciation of American enterprises. But the bubble itself resulted from the same management pathologies as those ...
Too much planning may lead us to chaos, but so would too little, more directly (Mintsberg, 1994) Introduction Perhaps the... ... Too much planning may lead us to chaos, but so would too little, more directly (Mintsberg, 1994) ...
It sounds good when real-estate values are going up really fast, but we've been in the business long enough to know that real estate values don't always go up fast, so that when people are paying less than the interest on their loans, ...
