“When there’s a delusion, a mass delusion, you can say everybody is to blame. I mean, you can say I should have spotted it, you can say the Feds should have spotted it, you can say the mortgage brokers should have, Wall Street should have spotted it and blown the whistle.
I’m not sure if they had blown the whistle how much good it would have done. People were having so much fun.
And it’s a little bit like Cinderella at the ball. People may have some feeling that at midnight it’s going to turn to pumpkin and mice, but it’s so darn much fun, you know, when the wine is flowing and the guys get better looking all the time and the music sounds better and you think you’ll leave at five of twelve and all of a sudden you look up and you see there are no clocks on the wall and — bingo, you know? It does turn to pumpkins and mice. It’s hard to blame the band. It’s hard to blame the guy you’re dancing with.
There’s plenty go blame to go around. There’s no villain.” — Warren Buffett
A passage from Too Big To Fail by Andrew Ross Sorkin

--

--

--

Currently reading The Righteous Mind: Why Good People Are Divided by Politics and Religion by Jonathan Haidt

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Untitled #7

Cherry Blossoms

Welcome To My Profile <333

Wanderlust

The Art of INTROSPECTION

Confused Where You Can Come In?

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Edwan A. Wibawa

Edwan A. Wibawa

Currently reading The Righteous Mind: Why Good People Are Divided by Politics and Religion by Jonathan Haidt

More from Medium

This was a Four

Your Lips, My Lips, Apocalypse

Words and Phrases I Don’t Want to See Anymore

Are you Serialize Clark?