The Dangers of Wishful Thinking — The American, A Magazine of Ideas: "Denial of reality is so devastating to a business and yet so commonplace that it is worth asking why there is so much of it. Although denial is often, indeed usually, an invitation to catastrophe, it is not invariably bad. Journalist Michael Kinsley has written astutely about the personal advantages of denying that he has Parkinson’s disease. Denial has enabled him to live a more normal life.
Even in business, denial can at times serve a useful purpose. American lore is full of stories of people who succeeded against the odds. “They laughed at Edison” is a long-time riposte of the person attempting the seemingly impossible." (January/February 2008 Issue)
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