They appeared to know enough to justify their jobs, and nothing more.

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In "The Big Short: Inside the Doomsday Machine," author Michael Lewis critiques the financial experts involved in the 2008 financial crisis. He suggests that these individuals possessed just enough knowledge to fulfill their roles without truly understanding the complex risks they were managing. This limited comprehension contributed to the widespread financial miscalculations that led to the economic collapse. The quote, "They appeared to know enough to justify their jobs, and nothing...

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January 26, 2025

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