Monday morning news drop
Don’t Underestimate the Power of Luck When It Comes to Success in Business Managers are very prone to both benchmarking and stereotyping. These practices lead them into underestimating the power of luck, so that they often attribute success to capabilities and failure to bad luck in people or organizations they see as having the attributes of greatness, while they discount capabilities and attribute success to luck in people or organizations that do not conform to their ideas of greatness. (HBR)
Add Boats to the List of What’s Hard to Find (and More Expensive) Sales and charters of boats of all sizes are up this summer. You can forget about bargaining, brokers say. (New York Times)
How bankruptcy lets oil and gas companies evade cleanup rules "It's basically bankruptcy for profit." A battle over who is responsible for cleaning up hundreds of oil and gas rigs in the Gulf of Mexico is quietly playing out in a bankruptcy court in southern Texas. The contestants in this game of fossil fuel infrastructure hot potato: Fieldwood Energy, an offshore drilling company attempting to offload more than $7 billion in environmental cleanup responsibilities. (Grist)
How QAnon captured the American church The cult has taken hold among Evangelical Christians (UnHerd)
A brief history of credit measures What if we changed the regulations for now to prevent buyers fueled by FOMO from getting drunk on cheap credit? (House Hunt Victoria)
