A State of Denial (Slow Leadership) - 0 views
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Jeff Johnson on 24 Sep 08People tend to over-value their assets and ignore embarrassing problems. Part of the problem with Wall Street is that corporations still can't bring themselves to admit that most of the fancy derivatives and other so-called assets they are holding are worth virtually nothing. They hang on, claiming their businesses are strong and denying the truth, until it's too late and the crisis threatens to overwhelm them, one by one. It's the same with personal strengths and capabilities: people tend to over-value their abilities and underplay their weaknesses. As a result, they become complacent about what skills and experience they have and what they can achieve with them.