Jammu, April 18 -- "Hubris is a dangerous cocktail of over-confidence, over-ambition, arrogance and pride fuelled by power and success. When found alongside contempt for the advice and criticism of others, it causes leaders to significantly overreach themselves, taking risky and reckless decisions with harmful, sometimes catastrophic consequences for themselves, their organisations, institutions and even for society."

The view seems to be that a number of leaders, both at the global and the national levels, today appear to be victims of hubris. An example can be provided of former US President George W Bush, who overreached himself in the 2003 invasion of Iraq. Similarly, the former and final CEO of Lehman Brothers, Richard Fuld, who, in h...