7 Type of People who Fail in Finance


The Error-Prone Dummy

They comprise of the Junior Analyst or Junior Associate who get into the organization through references etc.  It is rare to find senior people who are error prone dummies as they have already been escorted out. The critical factors in finance are accuracy, dependability and reliability but the error prone dummies waste much of their time daydreaming and at last the work suffers. If such people work in a team then the team has to waste their time in re-doing the work that went wrong.

Such individuals are not able to make outmoded adjustments, wrong assumptions about the industry and make optimistic predictions and neglect calculations. So these people are assumed as the players in the football game who seldom catch any pass or even if they catch one they drop it.