Mark Gandy

While the story had already been told, Jim Collins in Good to Great brought us the story of Admiral James Stockdale who was a prisoner of war for 8 years during the Vietnam War. In the book, Collins coined the term The Stockdale Paradox because prisoners who were the optimists died of a broken heart.

Remember the first financial models you created earlier in your career? You generally had three scenarios – best case, worst case, and likely case. In light of the current pandemic, Bruce Reed and Mark Gandy revisit scenario planning and a few strong practices to amp up your models.