On The Xanadu Effect

“There is the well-known fact in real estate  that the great buildings tend to go up at the end of the cycle, when everything is about to turn […] The Xanadu Effect is the symptom of people overreaching, overplanning, thinking that everything is going to go on forever when it’s about to turn the other way.” – Edward Tenner

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s