EP 329. 20 Lessons About Banking from Maxfield on Banks
Focused Compounding
00:00
The Risk Factor in the Financial Crisis
Am says it's hard for most people to see the risks at their taking when others are also taking them. So everyone's very concerned with a risk when your attention is focused on it, but no one is concerned with that risk otherwise. Am: If you're the first one to realize this, then you can get out of the position in a much better way than others.
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Transcript
