Why Leaders Should Rethink the Way They Handle Mistakes
Original Report
Success and failure dominate the business conversation, but what about mistakes? In their new book ‘Mistakes to Meaning’, Former Treasury Secretary Chief of Staff Joshua Steiner and former Sony...
Success and failure dominate the business conversation, but what about mistakes? In their new book ‘Mistakes to Meaning’, Former Treasury Secretary Chief of Staff Joshua Steiner and former Sony executive Michael Lynton examine the difference between failures and mistakes. Lynton revisits the decision to greenlight The Interview, which led to the Sony cyberattack. Steiner reflects on his own early lesson: as a young Chief of Staff to Treasury Secretary Lloyd Bentsen, he was subpoenaed in the Whitewater investigation after candid notes he kept became public. They discuss why people hide mistakes, why that instinct backfires, and how confronting errors can ultimately strengthen leadership. (Source: Bloomberg)
Glass House Analysis
Treasury market movements signal how investors view America's fiscal health and economic trajectory. Rising yields mean the government pays more to borrow, which eventually shows up in taxes or reduced services. For average Americans, this translates to higher mortgage rates, more expensive business loans, and a general tightening of financial conditions that makes everything from buying a home to starting a business more challenging.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
Enjoyed this analysis?
Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.
No spam. Unsubscribe anytime.
More Stories
What Iran Attack Means For Oil
Bloomberg Economics Chief Emerging Markets Economist Ziad Daoud, PhD discusses the impact of oil following attacks on Iran. (Source: Bloomberg)
Berkshire CEO Greg Abel vows to keep Buffett's culture of disciplined investing in first annual letter
Berkshire Hathaway's Greg Abel released his first annual shareholder letter as chief executive.
Will the bank get suspicious if I deposit $150,000 in cash into my checking account?
“I live in a state with no inheritance tax. I assume I can make this deposit legally.”