It is these companies that tend to ignore that knowledge needs to be applied sensibly. If anything, it is exactly the current turmoil which stresses not to single-handedly focus on those among us that excel in their financial, theoretical skills, if this implies that we fail to open our eyes to external developments.
Developments such as risk management, corporate governance and social responsibility, all of which shape the way the financial system works on a day to day basis. BIS Review 111/2008  1  “Our blindness with respect to randomness”, as skilfully narrated by Taleb in his Black Swan, clearly underlines this point.