Carillion

Myths and legends of the market The JC’s guide to the foundational mythology of the markets.™ Go Premium Index: Click ᐅ to expand: Mythology Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.

Art-accounting rock band from the early part of the millennium. Famous for their fantastical, sprawling, three-hour-long improvised chutzpah solos (the band’s album cut, Pension Deficit performed on tiny violin, became a cult success), captured in their live triple album, performed on ice-skates More Mills & Boone Than Shakespeare But It Will Get Us There.

Financialisation James C. Scott’s observation that a top-down organisation can only operate by what it sees, which necessarily misses nuance. Robert Michels’ iron law of oligopoly, that at scale all organisations concentrate “power” and become top down Peter Principle that we rise to our own level of incompetence so will be dispostionally bad at the hard parts of our job. The informal and formal lines of information in any organisation Basic narcissism plus dunning Kruger required to want to be a chief executive officer or politician - those who want the job enough to get it

See also

• Finance fiction