The 8020 Investor: Investing in an Uncertain and Complex World - How to Simplify Investing with a Single Principle by David Schneider

Author:David Schneider [Schneider, David]
Language: eng
Format: epub
Published: 2016-02-24T18:30:00+00:00

On that fateful day, the majestic silver aircraft took off, but it never saw the hangar of its airport again. The plane crashed after a standard test maneuver. Two of the five crew members died, including the pilot, Major Ployer P. Hill, a veteran in the industry and known for his excellent skills and many flight hours of experience.

What went wrong? An investigation revealed that nothing mechanical had gone wrong. The crash had been due to "pilot error," the report said. Substantially more complex than previous aircrafts due to its four engines than the usual two and the introduction of the latest aeronautic technology, it required the pilot to constantly go through each sequence in a specific order without intermission or breaks for rechecks. Major Hill had simply forgotten one step in a vital procedure of controlling the plane, while his attention was on a special flight sequence.

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