[anshublog]

Yes, when I wrote this article - I was pointing out that we seem to have missed this rather common pattern. And if you understand this pattern you can avoid some strategy mistakes.

I didn't claim that this one pattern explains all of the failures.

[seanhunter]

It's an interesting idea, but I don't think you explore it adequately. Firstly you don't even establish it's a mistake in the majority of cases - you just list some instances where it was a mistake. So "understanding this pattern" and trying to avoid strategy mistakes could be an even bigger mistake than not.