Investors blind to consequences of their actions from "summary" of The Money Culture by Michael Lewis
Investors, in their relentless pursuit of profits, often display a remarkable blindness to the consequences of their actions. They become so fixated on the potential for financial gain that they overlook the potential risks and negative impacts of their decisions. This tunnel vision leads them to make choices that may yield short-term gains but result in long-term harm to themselves and others.
One of the main reasons investors are blind to the consequences of their actions is the pressure to achieve high returns in a competitive market. In the cutthroat world of finance, success is measured by the ability to generate profits, sometimes at any cost. This intense focus on making money can cloud investors' judgment and prevent them from fully considering the broader implications of their investments.
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