Judgment is not a job skill

While this analysis is narrowly focused on a Social Security disability case, it does have the interesting point that judgement is not a transferable job skill. The ruling in this case doesn't take us to the next step of explaining where or how judgment might be useful for an employee.
It does, however, help us understand how an allegedly smart guy like John Thain, then-CEO of Merrill, Lynch, Pierce, Fenner, Kukla, Fran, and Ollie, would say:

"Right now we believe that we are in a very comfortable spot in terms of our capital." (July 17, 2008 -- Thain on a conference call after posting Merrill's second-quarter results)