Brilliant! I'm a huge believer in the Peter Principle since I work in a megathlic corporation, and am surrounded by it's evidence almost daily.

You've put a new twist on the old Circle of Death truism. The only thing that doesn't happen in poker is incompetent managers promoting even less competent people than themselves in order to protect their tiny empires.

Having just suffered a humiliating bout of this principle, I fully endorse the idea that hands played and experience gained are more important than the bankroll you've built.