If only I had been there...
How often have you seen this: some kind of problem situation arises, and then the people outside the problem swiftly produce lots of insights about all the things that the people in place did wrong. Classic examples include shaking wise heads at the board and management of Kodak, which failed to respond to the rise of digital photography; Nokia and Research in Motion (Blackberry), which failed to address the threat of touchscreen smartphone competitors; and Blockbuster, which didn't anticipate the pivot from physical video rentals to online streaming. Or the financial crisis of 2008-2009, and the failure of banks, insurers and regulators to recognise the deadly cocktail of low interest rates, lax lending standards, conflicts of interest with ratings agencies, and more, and the "inevitable" crash that followed. Somehow we think that, if we had been there, we would have been the canary in the coal mine. We would have had the foresight to identify the risk. ...