My belief is that because the system is now more stable, we’ll make it less stable through more leverage, more risk taking.
MYRON SCHOLES
The received wisdom is that risk increases in the recessions and falls in booms. In contrast, it may be more helpful to think of risk as increasing during upswings, as financial imbalances build up, and materializing in recessions.
ANDREW CROCKETT
No matter how good fundamentals may be, humans exercising their greed and propensity to err have the ability to screw things up.
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