Montier on Impediments

I just got through reading the slides from a recent presentation given by James Montier.

I was really struck by what he called his Five Impediments to Recognizing Predictable Surprises. The five impediments are:

1) Over-optimism

2) The illusion of control

3) Self-serving bias

4) Myopia - nearsightedness

5) Change Blindness - phenomenon that occurs when a person viewing a scene apparently fails to detect large changes in the scene