Documentary

Inside the Meltdown

2009 · 2009

A contemporaneous account, made while the wreckage was fresh. Useful precisely because it has no hindsight: it shows what was actually known at the time, which is the standard any decision should be judged against.

• Crises and market history
• Decision-making

1 idea from this documentary

• Case studyCrises and market history

  Judge a decision on what was knowable at the time, not on how it turned out

  The fair test of a decision is the information available when it was made; hindsight is a different exam.

  Discussing the Lehman decision, or any post-mortem where later knowledge is contaminating the judgement.