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A Puzzle Wrapped in a Mystery

Posted on January 10, 2007 by Kathryn Regina.

I just found an interesting article by Blink author Malcolm Gladwell. He shares new insights on the Enron scandal by making a distinction between puzzles and mysteries. According to Gladwell, a puzzle is a question that benefits from increased information, whereas a mystery is a question that grows more complex with more information. Gladwell seems to think that the financial forecasting paradigm needs to shift from puzzle to mystery, and that Enron is a case in point.

"All Enron proves is that in an age of increasing financial complexity the 'disclosure paradigm'--the idea that the more a company tells us about its business, the better off we are--has become an anachronism."

Read the article

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January 10, 2007 | Permalink

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