Daily Insider: Gradually, then suddenly. Bain’s delusion promises a stick end.

LATEST ON BIZNEWS.COM: .'The opportunity for votes lies with the disenfranchised' – Chris Pappas Q&A 'The power is in the voters' hands': Athol Trollip Q&ARushed EWC Bill is 'political suicide' – IRR More culprits added to Transnet corruption case Africa loses out on US/EU supply chain 'friend-shoring' Warren Buffett's investment style: 85% Benjamin Graham (value) and 15% Phil Fisher (growth)CrypTalk ep 8 – Why you should invest in crypto beyond the 'greater fool' theory Record 1.1 million UK visas granted Why I'm not raising my little girls to be delicate, good & prettyThe greatest scam in the history of modern medicine – Prof Noakes on Keys' Cholesterol Con MAILBOX: Dr Nathi Mdladla – shy on basic facts Financial Times perspective: What we can learn from the past week's market ructions (Premium).NB: Getting this newsletter second hand? Click here for your own copy. It's free and takes under a minute..In his brilliant Giants of Enterprise, a biography about seven long-departed US industrial titans, Richard Tedlow explains in some detail how extreme power often creates delusion in those affected. The Steinheist series based on Rob Rose's book and now airing on Showmax, confirms how comprehensively this malady afflicted one MJ Jooste..Such delusion, however, can also infect large organisations. Take Bain and Company's response to SA Treasury's 10 year ban on the Boston-based consulting firm. An official Bain media statement titled We Disagree With The Ban and attributed to "a company spokesman" hit my inbox late last Thursday. It is delusional to the point of insanity..The consulting firm takes no responsibility for its actions which hollowed out one of SA's few centres of excellence – a painstakingly created, world class revenue collection service. Bain's collective conscience is clear because SARS was repaid fees it was paid for that massively destructive contract. Bain adds that there is "no evidence" of corrupt practices..OK, so HTF do its propagandists explain hundreds of thousands of dollars Bain paid to a "fixer" whose only service was to arrange one-on-one meetings with SA's deeply corrupt president Jacob Zuma? A service which, unfortunately for SA, the fixer delivered on and then some. Bain urgently needs to fire deranged executives driving this campaign. And appoint some with integrity. First the UK Government. Now SA's Treasury. Next Joe Biden?.In case you missed the best of BizNews last week, here it is in the weekend edition of the BizNews Digest.data-title=" 'The Opportunity for votes lies with the disenfranchised' – Chris Pappas Q&AComing off the back of his speech at BNC#4. Chris Pappas answers questions regarding his hopes to end the disenchantment of the youth and the voters in general, the difficulties posed by the ANC and predictions for 2024".To receive the Daily Insider every weekday at 6am in your inbox click here. You can also sign up to the weekend's BizNews Digest for a wrap of the best content BizNews has to offer, for a leisurely Saturday read.

Daily Insider: Gradually, then suddenly. Bain’s delusion promises a stick end.

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