Did Malcolm Gladwell Cause The Recession?

Andrew Sullivan —  Jul 23 2012 @ 8:27am

In the fall of 2005, Lehman Brothers held a decision-making class for its senior executives:

For the capstone lecture, they brought in Malcolm Gladwell, who had just published Blink, a book that speaks to the benefits of making instantaneous decisions and that Gladwell sums up as “a book about those first two seconds.” Lehman’s president Joe Gregory embraced this notion of going with your gut and deciding quickly, and he passed copies of Blink out on the trading floor. The executives took this class and then hurriedly marched back to their headquarters and proceeded to make the worst snap decisions in the history of financial markets.

The story was a major impetus for Frank Partnoy's new book, Wait: The Art and Science of Delay, previously covered on the Dish here.