Karl Popper, another great Austrian thinker, went even further when he wrote: “All that is needed is a readiness to learn from one’s partner in the discussion, which includes a genuine wish to understand what he intends to say. If this readiness is there, the discussion will be more fruitful the more the partners’ backgrounds differ.
I would however share with you some of the causes which are related to human resources, the main theme of this conference. The most popular motto on the Wall Street before the financial tsunami was “greed is great”. Remunerations of originators, traders and top level executives were based on profit of current period.