Generally, a person’s presumptuous confidence in his own abilities. The overconfident person – in reckless self-confidence undertakes more than he is capable of, – disregards obstacles and – disdains expert advice from others. – As financial history teaches, such imprudent people have always failed in the end, and they often enough dragged entire companies into the abyss. For this reason, it is quite correct – even though this has been strongly criticized – if banks or credit agencies also assess the character qualities of the decision-makers in a company or the related control bodies when granting loans to companies. – See Investment Courage, Bank Customer Profile, Barefoot Pilgrim, Creditworthiness, Stock Market Player, Daimonion, Fact Sheet, Stinginess, Shorn, Avarice, Credit, Customer Dossier, Rating, Risk-Return Principle, Risk Taker, Thrift, Speculator, Credit Agency.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
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https://www.gerhardmerk.de/