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The arrogance of Wall Street executives from "summary" of The Big Short: Inside the Doomsday Machine (movie tie-in) by Michael Lewis
The hubris of Wall Street executives is a central theme in The Big Short. These individuals were so convinced of their own intelligence and financial acumen that they failed to see the impending disaster looming on the horizon. Their arrogance blinded them to the risks inherent in the mortgage market, leading them to make reckless decisions that would ultimately have catastrophic consequences. Despite mounting evidence to the contrary, these executives remained steadfast in their belief that the housing market was invincible. They dismissed warnings from outsiders and even their own colleagues, choosing instead to double down on their high-risk investments. This unwavering confidence in their own abilities proved to be their downfall, as they failed to see the writing on the wall until it was too late. The arrogance of Wall Street executives extended beyond their ignorance of market risks. It also manifested in their treatment of those who dared to question their ...
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