“ In a market, preceptions could be as important as reality.p.403 ”
Enron was becoming a virtual cult of creativity, often placing swagger over substance. New ideas were celebrated for their newness, for their potential; tried and true businesses like the pipelines were almost derided.
~ Kurt Eichenwald
Enron would keep its unearned windfall, generated solely because David Duncan didn't know what he was doing.
...Fastow had found someone trusting and pliable.Fastow wanted a pupet, Bowen concluded, and he already controlled Ben Glisan's strings.p.338
A eureka moment. It suddenly struck Mintz as so obvious. The executives entrusted with reviewing all of the LJM transactions- Causey, Buy, the board- approached their duties casually, giving everything just the onceover. They seemed to figure that somebody else was doing the tough analysis. But no one was.p.389
