Loved Luke Johnson's piece in today's Financial Times about "How to Spot an Impending Calamity" (here). Although high finance may be akin to rocket science,* the tips in this column are common-sense warning signs for a company that's going down the tubes. And speaking of common-sense warning signs, take a look at this disciplinary case (here), describing what happens when a lawyer decides to fudge the record in the case by not indicating where he omitted part of the trial court's statement of facts. (For a good analysis of the issue, see the Legal Profession Blog's post about the case–here.) If a lawyer has to lie about the record to have a colorable case, then it's not a colorable case. Lessons from both? People under pressure will do some really dumb things. Some of those dumb things will be intentional. Some won't. Remember: trust, but verify. * Oh, and that reference to rocket science? We actually know a rocket scientist, so it's easy to call him and see if something is or isn't rocket science.
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