In 2008 it was the entire financial system that was at risk. We were still short. But you don't want the system to crash. It's sort of like the flood's about to happen and you're Noah. You're on the ark. Yeah, you're okay. But you are not happy looking out at the flood. That's not a happy moment for Noah. By
In 2008, the financial system faced a significant crisis, putting the entire economy in jeopardy. The situation was critical, and while some felt secure in their positions, the looming disaster filled them with unease. The analogy of Noah and his ark captures the sentiment perfectly; though safe within the ark, one cannot feel content watching the world outside drown in chaos.
This observation highlights the moral dilemma faced by investors and...
