Investors were blind to the impending collapse from "summary" of The Big Short by Michael Lewis
The investors, with their billions of dollars at stake, were supposed to know what they were doing. They were supposed to be the smartest guys in the room, always one step ahead of the game. But as it turned out, they were blind. Blind to the warning signs that were flashing right in front of their eyes. Blind to the impending collapse that was about to shake the very foundations of the financial world. They were blinded by their own arrogance, their belief that they were invincible, that they could never fail. They were blinded by the herd mentality that swept through Wall Street like a plague, causing them to follow each other off the cliff like lemmings. They were blinded by the complex financial instruments that they themselves had created, instruments so convoluted and opaque that even they didn't fully understand how they worked. But most of all, they were blinded by their own greed. Greed that clouded their judgment, that made them ignore the warning signs and plow ahead regardless. Greed that made them turn a blind eye to the risks that were mounting all around them, risks that would eventually come back to haunt them in the most spectacular fashion. And so they marched blindly towards the edge...
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