Tuesday, August 18, 2015

Fools

By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
 “If you believe you have a foolproof system you have failed to take into consideration the creativity of fools.”   - Frank W. Abagnale.
Perhaps there is nothing to add to the quote above by Frank Abagnale, the famous imposter who mimicked being a doctor, a lawyer, and an airline pilot amongst other things and whose exploits were the inspiration for the movie Catch me if You Can. 
Foolproof systems work by logic, fools work by illogic, and even bridging both sides in one’s thinking does not create a foolproof system.  In other words, only fools believe in foolproof systems.