Common sense is so uncommon!

This is true in today’s business world. I recollect the case of the illustrious Lehman brothers which went belly-up in 2008. It is a case of high greed and ignoring basic financial and common sense. The high leveraging (23 times) done by Lehman brothers was the contributing factor to its demise. They bought risky mortgages, CDO (collateralized debt obligations), invested heavily in derivates with the idea that the housing prices will go up forever. We know the rest of the story. Of course, the image of the reputed alumnus from Harvard, Kellog, Stanford, and the likes of the world took some beating after the debacle. Straight thinking and common sense are so crucial in business management. Of course this is not to belittle the business education. Jack Welch, Bill Gates, Lakshmi Mittal had excellent business acumen and understanding of the ground realities. The need is the ability to judge the feasibility of an idea with clinical precision.