John Maynard Keynes:
Worldly wisdom teaches that it is better for reputation to fail conventionally then to succeed unconventionally.
People like predictability. The psychological security around the universe staying “predictable” (it isn’t, of course) than you get material benefits. Classic risk aversion. No wonder we are in trouble – the innovators really are up against it.
Hat tip to Tim Kastelle for the Keynes quote.
